How is credit card repayment amount calculated?

The credit card repayment amount is calculated based on the total outstanding amount on your statement date. This includes all transactions, fees, charges, interest, etc., incurred during the billing cycle.

The minimum amount due is usually 5-10% of the total outstanding amount or a predefined minimum amount, whichever is higher. To avoid late payment fees, this minimum amount must be paid before the due date.

The remaining amount can be paid in full or partial amounts before the due date. However, if you only pay the minimum amount due on the credit card, interest is charged from the date of the transaction on the remaining outstanding amount.

So, make at least the minimum payment before the due date and try to pay off the full balance within the interest-free period to avoid incurring interest charges. Timely repayments will ensure a good credit score and continuity of the credit card benefits. Remember to check your statement for the exact billing details.