The smallest amount of a credit card bill that a consumer can pay, to remain in good standing with the credit card company.
It's called minimum payment for a reason.. and that reason is that you don't have to pay you're full balance.. but you have to pay the minimum payment. NOTHING LESS
Because you owe them one minimum payment at the time of the invoice.
It all depends on the rate from the company, and the required minimum payment. This site should help you: http://www.bankrate.com/calculators/managing-debt/minimum-payment-calculator.aspx
It is actually quite simple. Any amount that you pay that exceeds the finance charges and any fees included within that minimum payment goes toward the principal. In addition, 100% of the overpayment goes toward the principal balance. In other words, if you make just the minimum payment, a few bucks might go toward the principal balance. If you pay $20 above the minimum payment, all of that $20 plus a few bucks from the minimum payment go toward the principal balance. All of the overpayment goes toward principal. You can also look at the minimum payment calculation to determine how much of the minimum payment goes toward principal.
Depends on how much you owe. The more you owe, the more the minimum payment.
Minimum payments are a percentage of your current balance. As your balance lowers, so does your minimum payment amount. For a specific equation on how the minimum payment is calculated, contact Amex directly.
It's called minimum payment for a reason.. and that reason is that you don't have to pay you're full balance.. but you have to pay the minimum payment. NOTHING LESS
$1150.00 X 3% = $34.50 minimum payment or $1150.00 X .03 = $34.50 minimum payment
Because you owe them one minimum payment at the time of the invoice.
Friday will be a minimum day for the students. The minimum payment was $50.00
It all depends on the rate from the company, and the required minimum payment. This site should help you: http://www.bankrate.com/calculators/managing-debt/minimum-payment-calculator.aspx
It is actually quite simple. Any amount that you pay that exceeds the finance charges and any fees included within that minimum payment goes toward the principal. In addition, 100% of the overpayment goes toward the principal balance. In other words, if you make just the minimum payment, a few bucks might go toward the principal balance. If you pay $20 above the minimum payment, all of that $20 plus a few bucks from the minimum payment go toward the principal balance. All of the overpayment goes toward principal. You can also look at the minimum payment calculation to determine how much of the minimum payment goes toward principal.
There is no such thing as a minimum payment. There is no requirement that anything be left to a sibling.
Go to college.....
Depends on how much you owe. The more you owe, the more the minimum payment.
2% or 20$.
Basically there are two: You must make a payment once a month. It must be at least the minimum payment printed on the statement.