the minimum repayment amount is the minimum amount that you must repay before the monthly repayment due date stipulated by the bank. You can not repay the full amount, but the repayment amount of each installment must be greater than the minimum repayment amount, which is the basic repayment requirement for you to maintain a good credit record. If you can't enjoy the interest-free repayment period by choosing the minimum repayment, interest will be charged on all consumption in the current period from the bookkeeping date (usually the day after consumption), with a daily interest rate of five ten thousandths until you pay it off in full. If you pay off the payable amount in this period in full before the due repayment date, you can enjoy the interest-free period for consumption. You can choose the repayment method according to the specific situation. Minimum repayment amount = 1% advance cash principal +1% non-advance cash transaction principal +1% expenses +1% interest +1% excess consumption+1% unpaid minimum repayment amount in the previous period+1% installment amount. Please refer to the minimum repayment amount listed in the bill.
China Merchants Bank's regulations on applying for temporary credit card limit:
1. The prerequisite for applying for temporary credit card limit of China Merchants Bank is good credit and no overdue record. The application result of the temporary limit is closely related to your card usage and repayment record. Once it is overdue, it will generally not be approved.
2. Apply for the first time after using the credit card for 3 months.
3. after the temporary credit limit is raised, the excess actually used over the original credit limit will be added to the minimum repayment amount of the next statement. There is no extra charge for the over-used part, but it cannot enjoy the convenience of circulating credit, and it will be paid off in one lump sum on the due repayment date.
4. If the temporary quota has never been used before, and the proportion of the quota used at ordinary times is not high, the initial application may not raise it for you at one time or temporarily.
5. The temporary quota can be up to 5% of the fixed quota. In case of large holidays, it can be increased by 2% on the basis of (fixed quota +5% temporary quota), totaling up to 8%.
6. The temporary quota can also be cashed out (the temporary quota adjusted during holidays is generally not cashed out).
7. If the temporary quota has not been used up, you can continue to apply. For example, if you apply for 5% of the temporary quota, but only 2% of it expires, you can continue to apply for 5% until the remaining 3% is used up).