Minimum Payment Due Sample Clauses

Minimum Payment Due. Your Minimum Payment Due is listed on your Statement and equals the lesser of: • the amount of your New Balance, or • the greater of: • $30, or • 3% of the amount you owe, or • the sum of Finance Charges accrued since the last Billing Cycle (including Interest Charges and Transaction Fees), plus any Penalty Fees, Annual Fees (if applicable), and one-time fees that have been posted to your Account, plus 1% of the amount you owe. Making only the Minimum Payment Due will increase the amount of interest you pay and the time it takes to repay your balance.
AutoNDA by SimpleDocs
Minimum Payment Due. You agree to pay us at least the Minimum Payment Due, reflected on your statement. If you wish, you may pay more than the Minimum Payment Due and at any time you may pay the entire amount due. Your Minimum Payment due is equal to your Minimum Payment plus the Special Repayment Terms for any Promotional Credit Plans with a special repayment term plus any debt cancellation fees or credit insurance premiums attributable to any Reduced Rate/Special Repayment Terms Credit plans plus any delinquent amounts. The Minimum Payment is the greater of a.) $25 or b.) 1% of your “New Balance” (which does not include balances on Special Repayment Terms Credit Plans) plus billed Interest Charges plus any Late Fees assessed for that month, rounded to the next highest dollar. Your monthly billing statement will include requirements for you to follow in making payments including the cut-off hour for receipt of payments, which may affect crediting of your payments. INTRODUCTION
Minimum Payment Due. You can pay off your account balance in full each month or you can pay in monthly installments. If you do not pay your balance in full, you agree to pay at least a minimum payment of 2.5% of your New Balance (rounded to the nearest whole dollar) or $10.00, whichever is greater at the end of each statement period. If the New Balance shown on your periodic statement is $10.00 or less, you agree to pay this amount. Unless the Credit Union takes other action as a result of a default under this Agreement, the Minimum Payment Due will also include any amount that is past due and any amount by which your new balance exceeds your credit limit. Payments and credits will be applied first to pay billed but unpaid finance charges; late charges, and other fees or charges provided for herein; and next to unpaid cash advances; and then to your unpaid purchase balance. The "Payment Due Date" will be shown on your periodic statement.
Minimum Payment Due. You may pay all or a part of your Account balance at any time. You must pay at least the Minimum Payment Due by the payment due date each Billing Period. Your "Minimum Payment Due" equals: • 1% of your principal balance plus interest and fees (other than the annual fee) with a minimum of $25; • Plus past due amounts; • Plus the Overlimit balance; • Plus annual fees Note: Your payment due date is typically the same day of the month every month. You may request a change to your monthly due date. How is the Minimum Payment Due calculated? For example, in a sample Billing Period, an Account with no past due or Overlimit amounts has: Principal Balance: $2,500 Interest: $18.54 1% of the Principal Balance (1.0% x $2,500: $25.00) + interest ($18.54): $43.54
Minimum Payment Due. The minimum payment due each month will be either (a) the entire Balance shown on your billing statement if the Balance is less than $10.00; or (b) the greater of $10.00 or 2% of the Balance rounded up to the next dollar. You must pay the Minimum Payment by the Due Date to avoid being in Default. You may at any time pay all or any part of your Balance without penalty.
Minimum Payment Due. If the New Balance shown on the statement for any billing cycle is less than $30, the Minimum Payment Due for that cycle will equal the New Balance. If the New Balance for any billing cycle equals or exceeds $30, the Minimum Payment Due for that cycle will be: (1) the greatest of: (A) three percent (3%) of the New Balance, or (B) $30; plus (2) any unpaid Minimum Payments Due from earlier billing cycles and any amount of your New Balance that exceeds your Credit Limit or Cash Advance Limit. Payments must be made in U.S. dollars drawn on a U.S. Bank. You may pay more than the Minimum Payment Due at any time. You will not owe us any additional charge for early payment. If you pay more than the Minimum Payment Due in one billing cycle, you still have to pay the full Minimum Payment Due in the next cycles. You cannot increase your available credit by paying more than the unpaid balance on the Account. Payments on the Account. Each payment required under this Agreement must be made on or before the Payment Due Date shown on the monthly billing statement. You must pay us in U.S. dollars, by mailing your personal check or money order, along with the payment stub from billing statement, to the address shown on that statement. Do not send cash. If you do not follow these instructions, we might not credit the payment for up to five (5) business days after we get it. All payments on the Account received by 5:00 p.m. during our normal business day at the address shown on your billing statement are considered to have been made on the date received at that address. To the fullest allowed by law, we may accept payments marked "payment in full" (or words of similar intent) without losing any of our rights to collect the full balance due under the Account and this Agreement. We will apply your payments to the unpaid balance of the Account in the order and manner we decide, unless restricted by an applicable law.
Minimum Payment Due. When we send you a billing statement, it will show your “Minimum Payment Due” and “New Balance.” We must receive payment of at least the Minimum Payment Due by the Payment Due Date disclosed on your billing statement. The amount of your Minimum Payment Due will be the greater of: (1) the sum (rounded to the nearest dollar) of 1% of your New Balance plus the interest and fees we charged as shown on the billing statement and any past due amounts; or (2) $15. However, if your New Balance exceeds your Credit Limit, then at our option, we may require you to pay any amount up to the entire overlimit amount instead of the Minimum Payment Due. In no event will your Minimum Payment Due exceed the amount of your New Balance. We may adjust your Minimum Payment Due in accordance with our Pay-Ahead Program.
AutoNDA by SimpleDocs
Minimum Payment Due. You can pay off your account balance in full each month or you can pay in monthly installments. If you do not pay your balance in full, you agree to pay at least a minimum payment of 2% of your New Balance (rounded to the nearest whole dollar) or $20.00, whichever is greater at the end of each statement period. If the New Balance shown on your periodic statement is $20.00 or less, you agree to pay this amount. Unless the Credit Union takes other action as a result of a default under this Agreement, the Minimum Payment Due will also include any amount that is past due and any amount by which your new balance exceeds your credit limit. Payments and credits will be applied first to pay billed but unpaid Interest charges; annual fee (if applicable); late charges, and other fees or charges provided for herein; and next to unpaid cash advances; and then to your unpaid purchase balance. You must pay at least the minimum payment each month, but you may pay more than that amount at any time without a penalty. The sooner you pay your new balance, the less you will have to pay in Interest charges. The "Payment Due Date" will be shown on your periodic statement. If you were to borrow $1000.00 at an Annual Percentage Rate of 9.90% and planned to pay the revolving account in full within a 36 month time period, your required MONTHLY payment would be $32.22. The statement above is a hypothetical scenario as required by the Credit Card Reform Act of 2009. In no way does the amount, interest rate, payment, or term apply to your specific Credit Card.
Minimum Payment Due. You can pay off your account balance in full each month or you can pay in monthly installments. If you do not pay your balance in full, you agree to pay at least a minimum payment of 1% of your New Balance (rounded to the nearest whole dollar) or $15.00, whichever is greater at the end of each statement period. If the New Balance shown on your periodic statement is $15.00 or less, you agree to pay this amount. Unless the Credit Union takes other action as a result of a default under this Agreement, the Minimum Payment Due will also include any amount that is past due and any amount by which your new balance exceeds your credit limit, any fees assessed and any finance charges accrued. Payments and credits will be applied first to pay billed but unpaid finance charges; late charges, and other fees or charges provided for herein; and next to unpaid cash advances and unpaid purchase balance starting with the highest APR. You must pay at least the minimum payment each month, but you may pay more than that amount at any time without a penalty. The sooner you pay your new balance, the less you will have to pay in finance charges. The "Payment Due Date" will be shown on your periodic statement. Grace Period for Repayment of the Balance for Purchases: Grace period for repayment of the balance for purchases is approximately 30 days from the close of the billing cycle. See your statement for billing cycle date.
Minimum Payment Due. You can pay off your account balance in full each month or you can pay in monthly installments. If you do not pay your balance in full, you agree to pay at least a minimum payment of: MasterCard Platinum 2%; MasterCard Standard 3%; MasterCard Secured 4% of your New Balance (rounded to the nearest whole dollar) or $15.00, whichever is greater at the end of each statement period. If the New Balance shown on your periodic statement is $15.00 or less, you agree to pay this amount. Unless the Credit Union takes other action as a result of a default under this Agreement, the Minimum Payment Due will also include any amount that is past due and any amount by which your new balance exceeds your credit limit. Payments and credits will be applied first to pay billed but unpaid finance charges; annual fee (if applicable); late charges, and other fees or charges provided for herein; and next to unpaid cash advances; and then to your unpaid purchase balance. You must pay at least the minimum payment each month, but you may pay more than that amount at any time without a penalty. The sooner you pay your new balance, the less you will have to pay in finance charges. The "Payment Due Date" will be shown on your periodic statement.
Time is Money Join Law Insider Premium to draft better contracts faster.