How Do You Determine The Minimum Payment Due?
You may pay the entire new balance shown on your billing statement at any time. Each billing period you must pay at least the minimum payment due by the payment due date shown on your billing statement.
The “minimum payment due” will be the greater of:
● $15; or
● Any amount past due plus 3% of the new balance shown on your billing statement (excluding any interest charges and fees shown on your billing statement).
The minimum payment due may also include amounts by which you exceed your account credit line. It will never exceed the new balance. When we calculate the minimum payment due, we may subtract from the new balance certain fees added to your account during the billing period. The minimum payment due is rounded up to the nearest dollar.