If all the previous payables are difficult to repay, they can be repaid according to the minimum repayment amount stipulated by the issuing bank, but they cannot enjoy the interest-free repayment period. The calculation method of the minimum repayment amount is: minimum repayment amount = unpaid part of the minimum repayment amount of the previous bill+overdraft balance of the current bill * 10%.

Withdrawal can also pay the minimum repayment amount, but the cost of credit card withdrawal is relatively high. In addition to the handling fee for cash withdrawal, interest shall be calculated at a rate of 5/10000 per day from the second day of cash withdrawal.

Extended data

Credit card overdraft interest rate is subject to upper and lower limit management. The upper limit of overdraft interest rate is five ten thousandths of the daily interest rate and the lower limit is 0.7 times of the daily interest rate. The calculation method of credit card overdraft interest, whether to calculate and pay interest on credit card overpayment and its interest rate standard shall be determined by the card issuer independently.

The current Measures for the Administration of Bank Card Business stipulates that the longest interest-free repayment period of credit cards is 60 days, and the minimum repayment amount in the first month shall not be less than 10% of the overdraft balance in that month, and uniformly stipulates the conditions for cardholders to enjoy interest-free repayment period and minimum repayment amount, which makes the card issuer lack the flexibility and space to provide different services to customers at different levels, which is not conducive to independent innovation and improvement of services.

After the credit card is spent, you will receive the bank statement on the billing date. There are two amounts, one is the payable amount in this period, and the other is the minimum repayment amount. Once the credit card is consumed and exceeds the repayment range, you can choose the minimum repayment amount, and your personal credit will not be affected. But that means you can't enjoy the interest-free period any more.

Baidu encyclopedia-minimum repayment amount

Baidu Encyclopedia-Notice of the People's Bank of China on matters related to credit card business