Unpaid credit card debt is also considered overdue, and will leave a bad record.

The minimum repayment amount means that if the cardholder has difficulty repaying all the amount payable before the due repayment date (inclusive), he can repay according to the minimum repayment amount stipulated by the card issuer, but he cannot Enjoy the interest-free repayment period, and the minimum repayment amount is 10% of the consumption amount plus other various payables. The minimum payment is listed on the current bill.

After using your credit card, you will receive a statement from the bank on the billing date. There are two amounts that we need to note. One is the amount due this period, and the other is the minimum payment amount.

In fact, this is also a major benefit of credit cards. Once you spend money on the credit card and exceed your repayment range, you can choose to repay with the minimum repayment amount, so that it will not affect your Your personal credit. But this means that you can no longer enjoy the interest-free period.

Extended information:

According to the notice on the issuance of the "Credit Card Business Management Measures":

Article 33: All transactions under the People's Republic of China and the State Units that open basic deposit accounts at domestic financial institutions can apply for unit cards. Several unit cards can be applied for, and the cardholder's qualifications shall be designated and canceled in writing by the legal representative of the applying unit or his authorized agent.

Citizens with full capacity for civil conduct can apply for a personal card. The main cardholder of a personal card can apply for supplementary cards for his spouse and relatives over the age of 18. There must be no more than two supplementary cards. The main cardholder has the right to request the cancellation of his supplementary cards.

Article 34 When applying for a credit card, an organization or individual should fill in the application form in accordance with the regulations and submit it together with the relevant information to the card-issuing bank. For those who meet the conditions, the card-issuing bank will open a credit card account for the applicant and issue a credit card.

Article 35: All funds in the unit card account shall be transferred and deposited from the basic deposit account. Cash shall not be deposited, and funds from other deposit accounts and sales revenue shall not be deposited into the unit card account.

The funds in a personal card account are limited to cash deposits held by the individual or transfers from salary payments and other legitimate personal income. It is strictly prohibited to transfer funds from the company into personal card accounts.

Article 41: Cardholders can use their credit cards to make purchases at specially appointed units. The corporate card shall not be used for the settlement of commodity transactions and labor supply payments exceeding 100,000 yuan.

Article 42: When cardholders make purchases with their cards, they must submit their credit cards and ID cards to the person in charge of the special agency. IC cards and photo cards are exempt from ID verification.

Article 43 When accepting credit cards, the handling staff of the special unit shall review the following contents:

(1) It is indeed a credit card that the unit can accept;

< p>(2) The credit card is not included in the "stop payment list" within the validity period;

(3) There is no "Sample Card" or "Special Card" on the signature strip;

(4) The credit card has no traces of holes, corners, damage or alteration;

(5) The cardholder’s ID card or photo on the card matches the cardholder;

(6) The pinyin name on the front of the card is consistent with the signature on the back of the card and the name on the ID card.

Article 44: If the credit card accepted by the special agency is reviewed correctly, the card should be pressed on the purchase form and the actual settlement amount, purpose, cardholder ID number, name and number of the special agency should be filled in. If the payment limit is exceeded, you should request the card-issuing bank and fill in the authorization number, submit the cardholder's signature for confirmation, and check whether his signature is consistent with the signature on the back of the card. Return it to the cardholder.

If problems are found during the review, the contracted bank should be contacted promptly to seek handling opinions. Credit cards with stopped payment should be recovered and returned to the card-issuing bank.

Article 45: At the end of each day's business, the special contract unit shall summarize the credit card purchase orders accepted on that day, calculate the handling fees and net amount, and fill in the summary (total) bill and credit receipt The order, together with the purchase order, is sent to the acquiring bank for credit.

Article 46 If the cardholder requests a return, the special unit shall use the return order to press (swipe) the card, and the amount of the return order shall be deducted from the accumulated amount of the purchase order signed on the day. The return order shall be issued with the card. Sign the purchase order and send it to the acquiring bank.

Article 47: After receiving various documents from the special contract unit, the acquiring bank shall handle the payment process for the special contract unit and clear the funds with the card-issuing bank after reviewing them.

Article 48: The card-issuing bank (or agent bank) handles the payment procedures for the cardholder after receiving various documents from the acquiring bank through intra-city bill exchange or inter-bank transfer in this system.

Article 49: When a cardholder transfers money to the payee through a bank using the card in a different place, the bank shall handle it in accordance with the relevant handling regulations of the special unit.

Baidu Encyclopedia-Minimum Repayment Amount