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China Merchants Credit Card overdrawn 6,543,800 yuan. What is the minimum repayment amount? How to calculate the interest?
Hello, the minimum repayment amount = 10% advance cash principal+10% non-advance cash transaction principal+100% expense+100% interest+100% excess consumption+/kloc-0.

If "minimum repayment amount" is selected, you cannot enjoy the interest-free repayment period. From the bookkeeping date (usually the day after consumption), interest will be charged on all consumption in the current period, with a daily interest rate of 0.5 ‰ until you pay it off in full. If all the payable amount of this period is paid off before the due repayment date, you can enjoy the interest-free period of consumption. You can choose the repayment method according to the specific situation.

If you have any questions about other credit cards, please contact QQ Corporate Customer Service (4008205555) or WeChat (Credit Card Center of China Merchants Bank). Thank you for your concern and support for China Merchants Bank!