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The minimum payment is the minimum amount that must be paid to avoid defaulting on a credit card or loan. The creditor can impose a late fee if the payment received is less than the minimum payment.
If you make minimum payments only on your balance, it will take longer and cost more money to completely repay your balance.


The smallest amount of a credit card bill that a consumer can pay, to remain in good standing with the credit card company. Making the monthly minimum ...


The smallest amount of a credit card bill that a credit card holder must pay each billing cycle. The minimum payment is usually based on one of three things: a ...


Nov 7, 2016 ... When finances are tight, it's tempting to make the minimum payment on a credit card bill. You won't be reported late, but that doesn't make it a ...


Minimum payment definition: The minimum payment is the lowest amount of money that you are required to pay ...


Dec 17, 2008 ... For consumers, a credit card minimum-payment-due amount can be a mysteriously shifting figure that can make a significant impact on the ...


Should you be paying more than your minimum credit card payment? Calculate it here.


This credit card minimum payment calculator will show you how long it would take to pay off your credit card if only the minimum payment was made.


Aug 30, 2016 ... Knowing the minimum payment on a credit card or loan is important to avoid fees and damage to your credit rating.


Find out the difference in interest between a fixed payment and the minimum credit card payment with bankrate.com's financial calculator.