The minimum repayment amount refers to the minimum threshold for a credit card to be repaid.

If the cardholder has difficulty repaying all the amount payable before the due repayment date, he can repay according to the minimum repayment amount stipulated by the card issuing bank, but he cannot enjoy the interest-free repayment period. The minimum repayment amount is The amount is 10% of the consumption amount plus other various payables.

If a credit card repays the minimum repayment amount, it will not be regarded as overdue repayment. Although repaying the minimum repayment amount will not produce a negative overdue record, if the user only repays the minimum amount for a long time, it will still occur. adverse effects.

Extended information:

When the minimum repayment is not selected, the credit card repayment methods that can be selected are:

1. In-bank repayment

The repayment methods mainly include: card issuing bank counter, ATM, online banking, automatic transfer, telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the payment will generally be credited to the account after the system processes it on the same day.

2. Mobile phone repayment

Mobile phone is a personal payment terminal of mobile financial system. It can be used to repay money directly by swiping the card, and can also perform transfers and other services.

3. Convenience store repayment is mainly completed through the "Lakala" smart payment terminal installed in the convenience store. It usually takes 2 to 3 working days to arrive in the account, and there is no handling fee for repayment using this method.

4. Online repayment

The more common online repayment methods in China include: Baidu Wallet, UnionPay Online, Kuaiqian, Shengfutong, Alipay, Yipay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different.

5. Inter-bank transfer

Inter-bank transfer/remittance repayment is mainly divided into two methods: inter-bank in the same city and inter-bank in different places. Regardless of the method of transfer or remittance, the remittance bank will charge a certain fee. At the same time, the time it takes for the money to arrive and the convenience of repayment are not as good as intra-peer repayment, online repayment, convenience store repayment and other methods.

Baidu Encyclopedia-Minimum Repayment Amount