Common use of Minimum Payment Clause in Contracts

Minimum Payment. You agree to pay us at least the minimum payment (also referred to as the minimum amount due) requested by the payment due date shown on a statement. If you do not receive a statement in any month, for example as a result of postal delay or interruption, you must contact us to check what minimum payment is due and the due date. The method for determining the minimum payment is set out in the information box. You can always pay us (i) more than the minimum payment, (ii) before the payment due date, (iii) more often than once a month, or (iv) the outstanding balance at any time. If your primary address changes to or from Quebec, the applicable minimum due calculation will take effect on your next statement.

Appears in 18 contracts

Samples: Cardmember Agreement, Cardmember Agreement, Cardmember Agreement

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