The minimum payment of bills is also a good idea. This method will not make the bill overdue, and the minimum repayment amount is generally 10% of the bill amount, which is very practical for users who have no money. However, when the repayment is made according to the minimum repayment amount, the consumption in the bill will no longer be interest-free, and it will generate five ten thousandths of interest every day.

Users can decide their own repayment amount every month according to their personal financial situation before the current bill of credit card expires. When the repayment amount is equal to or higher than the minimum repayment amount of the current bill, but lower than the current repayment amount, the remaining deferred repayment amount is the revolving credit balance.

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Precautions:

If the cardholder has been using the minimum repayment amount, the interest owed will be calculated according to compound interest. If the cardholder who chooses the minimum repayment amount is not overdue, it will not have any impact, but once it is overdue, it will seriously affect the cardholder's personal credit information.

In addition, if the minimum repayment amount of credit card is used for a long time, some banks may think that the cardholder's financial ability is insufficient, which may reduce the utilization rate of credit card.

The minimum repayment amount of credit card can not only help users solve the current repayment pressure, but also help the financial difficulties that cannot be repaid in full and on time, and will not affect your personal credit information.

Baidu encyclopedia-minimum repayment amount

People's Daily Online-Choosing the minimum repayment amount for a credit card will still generate interest.