The interest on the minimum repayment of a credit card is calculated based on the daily interest rate of 0.05%. The minimum repayment amount refers to the minimum monthly repayment amount of the credit card, which is displayed on the credit card statement of the month.

If you cannot repay it all at once, you can repay the minimum payment amount on time before the final payment date. This will not affect your personal credit, but you will not be able to enjoy the interest-free repayment period, and all consumption in the current period will be deducted from your account. Interest will be accrued starting from the date. Interest on the minimum repayment amount is charged from the accounting date. Each consumption amount in your last bill is the interest-bearing principal, and the interest rate is calculated on a daily basis until it is paid off.

The calculation formula of the minimum repayment amount: minimum repayment amount = (consumption balance, cash withdrawal balance) * 10 The unpaid portion of the minimum repayment amount in the previous period, the consumption amount exceeding the credit limit, and interest.

Choose the minimum repayment method of a bank credit card to repay, and interest will be charged at 0.05 per day, compounded monthly, until the cardholder has paid off the entire credit card balance.

Phase 1: Amount (actual amount swiped) × interest rate (0.0005 per day) × time (number of days before the minimum payment is due on the day the card is swiped);

Phase 2: Amount (The remaining unpaid amount) × interest rate (0.0005 per day) × time (the number of days from the day when the minimum payment is paid to the day before the payment is made).