Common use of MINIMUM MONTHLY PAYMENT Clause in Contracts

MINIMUM MONTHLY PAYMENT. Each month you must pay at least the Minimum Payment and any past due Minimum Payment by the Payment Due Date shown in your monthly Account statement. Your Minimum Payment for Purchases and Cash Advances is 3.0%, rounded up to the nearest dollar, of the total Purchase and Cash Advance balance (excluding late payment), or $25.00 — whichever is greater. In addition, your Minimum Payment will include all amounts delinquent, and amounts in excess of your Credit Limit. If your outstanding Purchase and Cash Advance balance is less than $25.00 then the entire balance is due. You also may pay the entire balance on your Account at any time or pay any amount between the Minimum Payment and your entire balance. Any changes in your Minimum Payment due will be reflected on your monthly statement in the month in which the Minimum Payment due is affected. However, in all cases, you may continue to pay any amount equal to or greater than the Minimum Payment due.

MINIMUM MONTHLY PAYMENT. Each month you must pay at least the Minimum Payment and any past due Minimum Payment by the Payment Due Date shown in your monthly Account statement. Your Minimum Payment for Purchases and Cash Advances is 3.0%, rounded up to the nearest dollar, of the total Purchase and Cash Advance balance (excluding late payment), or $25.00 — whichever is greater. In addition, your Minimum Payment will include all amounts delinquent, and amounts in excess of your Credit Limit. If your outstanding Purchase and Cash Advance balance is less than $25.00 then the entire balance is due. You also may pay the entire balance on your Account at any time or pay any amount between the Minimum Payment and your entire balance. Any changes in your Minimum Payment due will be reflected on your monthly statement in the month in which the Minimum Payment due is affected. However, in all cases, you may continue to pay any amount equal to or greater than the Minimum Payment due.