What Is A Minimum Payment Due?

The minimum payment due means the smallest amount you must pay by the payment due date to avoid late fees and/or negative reporting to the credit bureaus. 

To avoid interest charges, pay off your balance in full each month. Besides paying interest, the amount of a balance you have on your card impacts your credit utilization ratio, which counts for 30% of your FICO® credit score. See a longer article about credit utilization.

*Source: FICO

Did this answer your question? Thanks for the feedback There was a problem submitting your feedback. Please try again later.