China Merchants Bank credit card, is the amount notified by SMS on the billing date the minimum repayment amount?

Hello, the billing date is the date when the issuing bank regularly collects and settles the current transactions and expenses of the cardholder's credit card account every month, and calculates the current interest and payable amount of the cardholder. You need to repay the bill that was settled on the bill date.

The minimum repayment amount of a credit card is the minimum amount that you must repay before the monthly repayment due date stipulated by the bank. You can not repay in full, but the repayment amount of each installment must be greater than the minimum repayment amount, which is the basic repayment requirement for you to maintain a good credit record. If you can't enjoy the interest-free repayment period by choosing the minimum repayment amount, you will be charged interest on all the consumption in the current period from the bookkeeping date (usually the day after consumption), 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.

Minimum repayment amount = 10% advance cash principal+10% non-advance cash transaction principal+100% expense+100% interest+100% excess consumption+100. Please refer to the minimum repayment amount listed in the bill.

(For more information, please consult any credit card service information of China Merchants Bank online through QQ or WeChat. Method 1: Search 4008205555 among QQ corporate friends, and add China Merchants Bank Credit Card Center as a friend; Method 2: Search "cmb4008205555" on WeChat, and pay attention to China Merchants Bank Credit Card Center. )