Careful card minimum payments

Cardholder without overhead.Turn on credit card payments, face the high bills, what will you think of?Credit card minimum payments.
Provisions minimum payments is a bank credit card you must return the minimum amount of each month, you can in installment reimbursement but each repayment amount must be greater than the minimum payments, this is the basic repayment claims you maintain a good credit record.

The calculation method of minimum payments: minimum payments = all the previous minimum payments outstanding part % 2 b, the value of all cash transactions and related interest expense % 2 b all over consumption credit payment % 2 b10 %?Non-cash transactions and related interest expense % 2 bepp current contributions and related interest expense.
For one-off repayment pressure of the cardholder, Banks tend to be advised that the cardholder choice minimum payments for reimbursement, but the cost is not low.

If the cardholder to use minimum payments to repay the arrears, cannot enjoy the benefits of "grace period", Banks generally charge from spending the day in accordance with the standards of every five over ten thousand overdraft, until pay off the debt.In addition to the industrial and commercial bank (601398), the domestic most Banks in an overdraft, still can calculate according to the original credit card limit, even have to pay money to calculate the interest, is more terrible, if the next month, the cardholder is still didn't pay off the debt, then the points of interest will be incorporated in the minimum payments, and often collecting compound interest on a monthly basis.It is important to note that if the interest and late fees, usually included in the 100% to the minimum payments.Cardholder is difficult to calculate the should pay how much is the minimum payments, once also less, then the bank will charge 5% of the minimum payments did not return as a fine for delaying payment.