Hello, if you hold a China Merchants Bank credit card, the minimum credit card repayment amount = 10% of all general transactions in the credit card account + 100% of the single installment amount of all outstanding installment transactions in the account + 100% of the previous installment The unpaid portion of the minimum repayment amount + 100% of all funds used in excess of the account credit limit + 100% fees + 100% interest

The minimum repayment amount refers to the minimum monthly repayment amount of a credit card, displayed on your credit card statement for 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. Interest will be accrued on all consumption in the current period from the recording date. Interest rate is five ten thousandths. (If you repay in full and on time, you can enjoy the interest-free period when you use your card to make purchases)

Revolving interest is charged when you use revolving credit to repay or use cash advance. If you repay all the consumption payments in full before the due date of the current bill cycle, you can enjoy the interest-free period by swiping your card for consumption, and no recurring interest will accrue; if you do not repay all the current bills on time, it will be regarded as With revolving credit, interest will be accrued on all purchases in the current period (usually the day after consumption), with a daily interest rate of 0.05% until you pay it off in full. If you use the cash advance function, the cash advance portion will not enjoy the interest-free period. Interest will be accrued from the day you withdraw the cash, with a daily interest rate of 0.5%, and compound interest will be calculated monthly until you pay it off.

Examples of recurring interest: ● If your bill date is the 5th of each month, the repayment due date is the 23rd of each month; ● The current statement printed by the bank for you on April 5 includes: All your transaction accounts from March 5 to April 5; ● Assume that you only have one purchase in this bill, the consumption amount is RMB 1,000, and the merchant’s payment time is March 30; ● The "repayment amount due for this period" printed on your current bill is RMB 1,000, and the "minimum repayment amount" is RMB 100; ● Under different circumstances, your recurring interest is: ① If you pay before April 23 , and repay RMB 1,000 in full, then the recurring interest = 0 in the statement on May 5; ② If you only repay the minimum repayment amount of RMB 100 on April 23, then the repayment on May 5 will be The recurring interest on the statement is ￥17.85 yuan. The specific calculation is as follows: 1,000 yuan × 0.05% × 24 days (March 30 to April 22) + (1000-100) yuan × 0.05% × 13 days (April 23 day to May 5), recurring interest = 17.85 yuan.

You can also check the amount you should repay each period through your credit card statement.