1. First, determine whether to apply for installment repayment for the bill. If not, then there will be a repayment amount according to each installment of the bill, and there will also be a minimum repayment amount. If your repayment If the amount exceeds the minimum repayment amount but is not the full repayment amount, then the bank will not count you as overdue repayment, there will be no bad record, and it will not affect your credit report, but interest will accrue, which is based on your failure to repay. The repayment portion is calculated at 0.05% per day. The portion repaid after your repayment date will be reflected in the next month's bill, and the interest is calculated at 5.0% per day for the unpaid portion.

2. So how to calculate the minimum repayment? The minimum repayment amount is calculated as 10% of the consumption amount within the credit limit (5 for some banks) 100% of the cash advance transaction amount 100% of the unpaid portion of the previous minimum payment amount 100% of the amount of consumption exceeding the credit limit 100% of fees and interest 100. For example: Your bill amount this period is 10,000 yuan, but you only used it for consumption, so you should repay at least 1,000 yuan this period. However, interest will be calculated on the unpaid part, and your interest-free period is gone. The interest rate is very high, reaching 15-20, so the minimum repayment is a big pitfall.

3. Do you know how much interest is required for the minimum credit card repayment? Friends who have credit cards will receive bill reminders on the billing day of each month. And you can choose 10 of the minimum repayment bill amount. For example, if you use a credit card for 20,000 yuan, you can repay 2,000 yuan first. If after ten days, a sum of money happens to arrive in the account, and based on the daily interest rate of 0.05, the remaining 18,000 will be nothing more than 90 yuan.

According to the credit card repayment agreement, if the credit card only pays the minimum repayment amount, it will no longer enjoy the interest-free period and will need to pay interest, which is calculated according to the usual 50-day interest-free period, because the minimum repayment amount is selected. payment amount. In addition to the 90 yuan in interest for late repayment, you also have to pay up to 500 yuan in interest on the entire bill amount. The total interest is 590 yuan, with a daily interest rate of 0.05%, which is equivalent to an annual interest rate of 18.25 yuan, and it seems that a minimum repayment record is recorded on the personal credit report. So don’t choose the minimum repayment easily.