The repayment method of China Construction Bank Credit Card has been changed from "Full Repayment Amount" to "Minimum Repayment Amount". There is no need to apply. You can directly repay according to the minimum repayment amount marked on the statement. Use Minimum payments activate revolving credit, which accrues revolving interest.

Revolving interest is charged when you use revolving credit to repay or use cash advance:

If you repay the full amount before the due date of the current bill cycle, Pay off all the consumption payments, and you can enjoy the interest-free period by swiping the card for consumption, and no recurring interest will be generated;

If the current bill is not paid off in full on time, it will be regarded as using revolving credit, and all consumption in the current period will be from Interest will be accrued on the accounting day (usually the second day after consumption), and the daily interest rate will be 0.05% until all is paid off;

If you use the cash advance function, you will be charged cash in advance. Some cannot enjoy the interest-free period, and interest will be accrued from the day the cash is withdrawn, with a daily interest rate of 0.05% and compound interest calculated on a monthly basis until it is paid off.

Examples of recurring interest:

Suppose the bill date is the 5th of each month and the repayment due date is the 23rd of each month; the current statement printed by the bank on April 5 includes All transaction accounts from March 5 to April 5;

Assume that there is only one consumption in this period’s bill, and the consumption amount is RMB 1,000 yuan. The merchant’s payment time is March 30th;

The current bill prints the "current repayment amount" as ￥1,000 yuan, and the "minimum repayment amount" as ￥100 yuan; under different circumstances, the recurring interest will be calculated separately. For:

① If the RMB 1,000 is paid off in full before April 23, the recurring interest = 0 in the statement on May 5;

② If only the minimum repayment amount of RMB 100 is paid on April 23, the recurring interest on the statement on May 5 will be RMB 17.85.

The specific calculation is as follows: 1,000 yuan × 0.05 × 24 days (March 30 to April 22) (1000-100) yuan × 0.05 × 13 days (April 23 to May 5 ), recurring interest = 17.85 yuan.