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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.

www.investopedia.com/terms/m/minimum-monthly-payment.asp

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 ...

www.nerdwallet.com/blog/credit-cards/minimum-payment-credit-card

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 ...

www.creditcards.com/glossary/term-minimum-payment.php

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

www.bankrate.com/calculators/credit-cards/credit-card-minimum-payment.aspx

Use this credit card minimum payment calculator to determine how long it will take to pay off credit cards if only the minimum payment is made. Enter the credit  ...

www.creditcards.com/credit-card-news/minimum-credit-card-payments-1267.php

Dec 17, 2008 ... Your credit card's minimum-payment-due amount can be a mysteriously shifting figure that makes a significant impact on the monthly budget.

www.thebalance.com/credit-card-minimum-payment-definition-960702

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

www.discover.com/credit-cards/resources/credit-card-minimum-payment

The different numbers and amounts on a credit card statement can be confusing, but one of the most important numbers is the credit card minimum payment ...

blog.readyforzero.com/what-is-the-minimum-payment-on-a-credit-card

Jul 9, 2013 ... And the minimum payment on credit cards is definitely something that can put you in financial peril. Let's take a deeper look to see how you can ...

www.paypal.com/us/selfhelp/article/how-is-my-paypal-credit-minimum-payment-due-calculated-faq2843

Your minimum payment due each month will be the greatest of the following amounts: (A) $25 (B) $35 (if you didn't pay the minimum payment due required in  ...