What is a credit card minimum payment?

Answer A credit card minimum payment is the least amount of money a credit card holder is required to pay on an account that has a current balance. The credit card issuer will typically apply a late payme... Read More »

Top Q&A For: What is a credit card minimum payment

Should I Pay the Minimum Payment on My Credit Card?

Companies use involuntary turnover to shed excess workers or those who are not a good fit with its goals. Voluntary turnover is when employees leave on their own. A high voluntary turnover rate cou... Read More »

What is the minimum payment for a Discover credit card?

As of September 2009, the minimum monthly payment for a Discover credit card was 2 percent of the new balance or $40, whichever is greater. The minimum monthly payment may also factor in any curren... Read More »

How do I calculate credit card minimum payment?

The Percent RuleSome credit card companies still use a percentage of your total charged balance to calculate your minimum payment. If you have a card that has a $1,000 charged, your minimum balance... Read More »

How Is a Credit Card Minimum Payment Computed?

Credit card companies can use slightly different equations to determine a minimum monthly payment but the basic principle is the same -- a person pays a set amount based on account balance. Credit ... Read More »