Common use of Minimum Payment Amount Clause in Contracts

Minimum Payment Amount. If the New Balance is less than $30, the minimum payment is the full amount of the New Balance. If the New Balance is $30 or more, the minimum payment is the sum of (1) any past due amount and (2) the greater of: (a) $30 plus any late payment fees, or (b) 2.5% (1.75% for Agility Cash Credit Card, Clarity Credit Card, and Vivid Rewards Credit Card) of the New Balance plus interest charges and any late payment fees. (ForVisa Signature Cards, in addition to the foregoing amounts, your minimum payment amount will include the full amount by which your New Balance exceeds your Credit Limit.) For all cards, making only the minimum payment will increase the amount of interest you pay and the time it takes to repay your balance.

Minimum Payment Amount. If the New Balance is less than $30, the minimum payment is the full amount of the New Balance. If the New Balance is $30 or more, the minimum payment is the sum of (1) any past due amount and (2) the greater of: (a) $30 plus any late payment fees, or (b) 2.5% (1.75% for Agility Cash Credit Card, Clarity Credit Card, and Vivid Rewards Credit Card) of the New Balance plus interest charges and any late payment fees. (ForVisa For Visa Signature Cards, in addition to the foregoing amounts, your minimum payment amount will include the full amount by which your New Balance exceeds your Credit Limitcredit limit.) For all cards, making only the minimum payment will increase the amount of interest you pay and the time it takes to repay your balance.