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What does the minimum repayment of China Merchants Bank credit card mean?

The minimum repayment of China Merchants Bank credit card refers to the minimum amount that must be repaid before the repayment date. If your repayment amount is lower than the minimum repayment amount, the bank will consider you to be in default and may also issue a credit report.

The calculation method of the minimum repayment amount of China Merchants Bank: the minimum repayment amount = (consumption principal + cash advance principal) * 10% + interest + excess consumption amount + the minimum repayment amount of the previous period has not been paid Part + installment single installment amount.