Minimum Payment Amount. The required minimum periodic payment is the greater of: (1) $25 or 2.50% of that portion of the New Balance that does not exceed your credit limit, plus the entire portion of the New Balance in excess of your credit limit, plus any amount past due, whichever is greater; or (2) the total New Balance as shown on your periodic billing statement if the balance is under $25. Unless specified otherwise, payments must be mailed to the address indicated on your periodic billing statement.
Appears in 2 contracts
Sources: Credit Card Account Agreement, Credit Card Account Agreement