The interest on the minimum repayment of a credit card is calculated at a daily interest rate of .5 ‰. The minimum repayment amount refers to the minimum monthly repayment amount of a credit card, which is shown on the monthly bill of the credit card.

if you can't pay off in one lump sum, you can pay off the minimum repayment amount on time before the final payment date, which will not affect your personal credit, but you can't enjoy the interest-free repayment period. Interest will be charged on all consumption in the current period from the bookkeeping date.

There are two ways to calculate the interest when a credit card repays the minimum repayment amount. One way is that the bank repays the minimum repayment amount, and the interest is only the overdraft interest from the bank bookkeeping date to the repayment date ",such as ICBC.

in another case, most banks pay the minimum repayment amount, and the interest is "partial arrears and full interest", such as CITIC Bank, and "full interest" means that even if the customer repays part of the money, the repayment part is not deducted, but the interest is calculated in full, and the interest expense is usually calculated at five ten thousandths of the daily interest rate.

Extended information:

Credit cards can always use the minimum repayment. Generally speaking, there are three repayment methods for credit cards, one is full repayment, the other is installment repayment, and the last is minimum repayment.

after spending with a credit card, a personal bill will be generated, which includes the amount to be repaid and the minimum repayment amount. Many people will choose the minimum repayment because of their tight funds, or even choose the minimum repayment all the time.

for each bill, the bank will settle a minimum repayment amount (generally 1% of the total bill). If the funds cannot be turned over temporarily, you can consider changing to this minimum repayment amount first, so that the bank will not count you as overdue and affect your credit history.

Take China Construction Bank as an example: the minimum repayment amount of credit card is to pay off the "minimum repayment amount" listed in the current bill before the stipulated due repayment date. In this case, the customer's personal credit will not be affected. However, because the customer has not paid in full, the consumption does not enjoy interest-free, and interest will be charged from the date when the consumption is recorded, and the interest will be compounded monthly.

The interest rate benchmark of China Construction Bank is .5 ‰ per day, and the upper and lower limit standards are set in strict accordance with the relevant regulations of the People's Bank of China, and will be adjusted in time according to regulatory requirements. The minimum repayment amount shall be calculated separately according to RMB account and foreign currency account.

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