The disclosure provides a method for channel information feedback and a terminal, applied in an 8 antennae system, comprising: a terminal acquires the channel information which comprises PMI1 information and RI information; the terminal jointly encodes the PMI1 information and RI information into a 5 bit Report Type; the terminal feeds back the Report Type on a physical uplink control channel. The disclosure solves the poor transmission performance of the system caused by high overhead of channel information feedback in the related arts, thus improving the performance of the terminal to feed back information and improving the transmission performance of the system.