10000 yuan bill, the minimum repayment amount 1000 yuan indicates good credit, and the rest will be paid next month. From the day when the consumption of 10000 is generated to the day when it is paid off, the "unpaid part" needs to pay five ten thousandths of cyclic interest every day.
Extended data
For example:
Mr. Zhang's bookkeeping date is the 5th of each month, and the due repayment date is the 23rd of each month. On September 5th, the bank will print Mr. Zhang's due bill, including all his transactions from August 5th to September 5th.
One item in this month's bill is August 30th, and the consumption amount is 65,438 yuan+0,000 yuan. Suppose Mr. Zhang's current bill is printed as 1000 yuan and the "minimum repayment amount" is 100 yuan. Before September 23rd, the full repayment of RMB 65,438+0,000 will lead to the 0 yuan's cyclic interest in the 0.5 yuan bill of RMB 65,438+.
Only the minimum repayment amount is 100 yuan before September 23rd. According to different algorithms, the cyclic interest of Mr. Zhang's statement on June 23rd+10/October 5th is: cyclic interest of credit card of CITIC Bank = 17.4 yuan. The specific calculation is as follows: 1000 × 0.05% × 24 days+(1000-100 )× 0.05 %×12 days = cyclic interest 17.4 yuan.
CITIC Bank-What does CITIC Bank mean by the minimum credit card repayment amount?