Common use of Minimum Payment Due Clause in Contracts

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 25% of your New Balance (rounded to the nearest whole dollar) or $20.0025.00, whichever is greater at the end of each statement period. If the New Balance shown on your periodic statement is $20.00 25.00 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 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 Interest finance 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 2% of your New Balance (rounded to the nearest whole dollar) or $20.0025.00, whichever is greater at the end of each statement period. If the New Balance shown on your periodic statement is $20.00 25.00 or less, you agree to pay this amount. Unless the Credit Union takes we take 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 finance charges; annual fee (if applicable); , late charges, and other fees or similar charges provided for herein; and next to unpaid pay cash advances; advances and then to your unpaid purchase balancepurchases. 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 finance charges. The "“Payment Due Date" ” and billing cycle 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 23% of your New Balance (rounded to the nearest whole dollar) or $20.0025.00, whichever is greater at the end of each statement period. If the New Balance shown on your periodic statement is $20.00 25.00 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 fees, then to finance charges; annual fee (if applicable); late charges, and other fees or charges provided for herein; and next to unpaid cash advances; purchases and then to your unpaid purchase balancecash advance balances. When a special promotion is run the promotional balance may be paid prior to cash advances and purchases. 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 finance 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 23% of your New Balance (rounded to the nearest whole dollar) or $20.0025.00, whichever is greater at the end of each statement period. If the New Balance shown on your periodic statement is $20.00 25.00 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 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 Interest finance 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.