First time to use a credit card. I don't know what the minimum payment means. I can't understand it. I spent more than 1 000, so let me repay 1 70 or so. What is this?

Let me popularize it for you first: after the credit card is issued, the bank will set two dates for you. They are billing date and repayment date. The repayment date is the last interest-free date for your credit card arrears. If it is repaid on or before this repayment date, there is no need to pay interest on the money spent by credit card. If the repayment date is exceeded, interest and penalty (late payment fee) will be charged.

There will be text messages under normal circumstances. After the bill is generated, a text message will be sent, and the repayment amount and date will be provided. But sometimes you can't get it, so you'd better check it on the online banking.

About repayment: 1. Full repayment: Credit card consumption has a certain interest-free period (interest-free varies from bank to bank), within the specified interest-free period.

Full repayment within the period, that is, before the repayment date, will not generate interest.

2. Minimum repayment amount: Credit cards have a minimum repayment amount, which varies from bank to bank. Generally, it is 5% of the bill amount or 10%, which does not affect personal credit information. But the minimum repayment amount needs to charge interest on the unpaid part of your current bill, which is five ten thousandths per day.

Cash withdrawal by credit card: Credit cards are not entitled to the interest-free period when they are withdrawn at ATM machines, and a one-time handling fee is charged for cash withdrawal (generally 1% is different from bank to bank, which is less than 10 yuan), and then a handling fee of 0.5 ‰ of the cash withdrawal amount is charged every day from the date of cash withdrawal until the cash withdrawal amount is fully paid off.