The minimum repayment amount means that if the cardholder has difficulty in repaying all the payables before the due repayment date (inclusive), the minimum repayment amount stipulated by the issuing bank will be used for repayment, but he cannot enjoy the interest-free repayment period. The minimum repayment amount is 1% of the consumption amount plus other payables. The minimum repayment amount is listed on the current bill.

if the overdraft is 1, yuan, the minimum repayment amount is 1, yuan. If only 1, yuan is repaid, there will be interest on the billing date next month, and the interest will be five ten thousandths of the billing date, so at least 9+9*.5*3=9135 yuan next month. Don't pay the minimum repayment amount when the economy is not in trouble, it will pay a lot of interest.

Extended information

The minimum repayment amount is also called the minimum repayment amount. If the customer has difficulty in repaying the full amount, he can make repayment according to the minimum repayment amount stipulated by the issuing bank, usually 1% of the consumption amount plus other payables, but he cannot enjoy the interest-free period. The minimum repayment amount will be indicated on the current bills of mobile banking and online banking. If only the minimum repayment amount is paid, there will be some liquidated damages, usually 5% of the unpaid part of the minimum repayment amount, and at the same time, overdraft interest, usually five ten thousandths of the overdraft amount, will be paid, with daily interest and interest rolling. Therefore, credit card repayment should be cautious before the minimum repayment amount.

Reference: Baidu Encyclopedia _ Credit Card