Hello, if it is a China Merchants Bank credit card, you do not need to apply for a minimum repayment. You can just repay according to the minimum amount of the bill.

The minimum repayment amount refers to the minimum amount that needs to be repaid by a credit card every month, which is shown on the credit card statement for that 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. Interest will be accrued on all consumption in the current period from the recording date. Interest rate is five ten thousandths. (If you pay in full and on time, you can enjoy the interest-free period if you use the card to make purchases)

If the cardholder fails to pay off the minimum payment amount of the previous bill before the due payment date (inclusive), our bank will The corresponding late payment fees will be calculated and collected in accordance with the "China Merchants Bank Credit Card Regulations". The late payment fee is calculated as 5% of the unpaid portion of the minimum credit card payment, with a minimum charge of RMB 10 or USD 1. At the same time, all consumption in the current period will be charged interest starting from the accounting date, with a daily interest rate of 0.05%.