The minimum repayment amount is generally 65438+ 00% of the total amount owed, and this minimum repayment amount will be shown on the current bill. In other words, on the bill date, there will be two amounts to be paid attention to in the bank bill received by the cardholder, one is the current repayment amount, and the other is the minimum repayment amount. Once the consumption exceeds the repayment, you can choose to repay only the minimum repayment amount.
The minimum repayment amount is actually the minimum amount that the user should return when returning the current bill. As long as the user repays the minimum repayment amount on the repayment date, it will be regarded as the user's repayment on schedule, but a certain amount of cyclic interest will be charged to the user. Generally, the minimum repayment amount is 10% of the current consumption bill. However, if the user's current bill contains installment bills, the minimum repayment amount should be 65438+ 00% of the actual consumption bill+installment bill amount, and the installment bill cannot be repaid at the minimum. For example, my total credit card bill in this period is 1 1,000 yuan, but there is no installment bill in this period, so my minimum repayment amount is 1 1,000 yuan. As long as I repay the 65,438+0,000 yuan on my credit card on the repayment date, it will be deemed that my current bill has been repaid normally, but the bank will charge interest on the returned part at the daily interest rate of 0.5 ‰. Choose minimum repayment or installment repayment. Generally, when using a credit card, if you encounter problems in your own financial situation and can't pay off the credit card bill, you can choose the minimum repayment or installment repayment of the credit card bill. The interest or handling fees charged by the two different repayment methods are also different, so many users will be more entangled at this time, and they don't know which method to choose for repayment is more cost-effective. Generally speaking, if the minimum repayment and installment repayment are calculated at the same time, the handling fee for the minimum repayment is higher than that for installment repayment, but this does not mean that installment repayment must be the most cost-effective. Installment repayment is calculated on a monthly basis, and the minimum repayment can be calculated on a daily basis. If the user's financial situation is relatively good and he can pay all the credit card bills in a short time, then at this time, you can choose the minimum repayment and pay off your credit card bills quickly after the capital turnover is opened. If the user's capital turnover time is long, it is more cost-effective to suggest that the user choose installment repayment.