If you keep paying the minimum payment, the interest will keep piling up.

The minimum repayment amount is the minimum amount that needs to be repaid in the current month when using revolving credit. The minimum repayment amount is listed on the current bill. The minimum repayment amount for each period of bill is calculated as follows: Minimum repayment amount = 10 All general transactions on the credit card account 100 The single-period amount of all outstanding installment transactions in the account 100 The unpaid portion of the previous period’s minimum repayment amount 100 exceeds the account credit limit All funds used are 100 fees and 100 interest

Cyclic interest:

The amount of each consumption in the previous period's bill is the interest-bearing principal, from the date the account is recorded to the The number of days until the account is repaid is the number of days for interest accrual, and the daily interest rate is 0.05%.

The cardholder’s bill date is the 7th of each month. If he spends 2,000 yuan with his card on April 1st, the consumption will be recorded on April 2nd. The bill of April 7th will show “This period. The "repayable amount" is 2,000 yuan, and the "minimum repayment amount" is 200 yuan. If the cardholder only repays 200 yuan on April 25, the due payment date, the interest to be paid as of that day will be shown on the bill on May 7, that is, the 23-day interest and repayment of the 2,000 yuan revolving credit principal. 13 days of interest on the remaining 1,800 yuan principal: 2,000 yuan Yuan 11.7 yuan = 34.7 yuan.

You can consult online through QQ or WeChat for any information you want to know about China Merchants Bank’s credit card services. Method 1: Search for 4008205555 among QQ business friends and add China Merchants Bank Credit Card Center as a friend; Method 2: Search for the number "cmb4008205555" in WeChat and follow China Merchants Bank Credit Card Center.