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Minimum payments are a percentage of your current balance.

As your balance lowers, so does your minimum payment amount.

For a specific equation on how the minimum payment is calculated, contact Amex directly.

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17y ago

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What numbers do amex blue and black start with?

American Express (Amex) cards typically start with the number "3." Specifically, the Amex Blue and Black cards begin with the digits "34" or "37." These cards are part of the wider range of payment cards issued by American Express, which are distinguished by their unique numbering system.


How do you calculate the Principal repaid after a period of time on a loan?

get the difference of interest rate and monthly periodic payment


What does it mean To pay a minimum of 50 means?

"To pay a minimum of 50" means that the least amount you are required to pay is 50 units of currency, such as dollars, euros, or another denomination. This implies that you can pay more than 50 if you choose, but you cannot pay less than that specified minimum amount. It sets a baseline for payment expectations.


How do you calculate bi weekly payment?

If i will make 33,000 a year how much will i earn in a month 8 hours a day 5 days a week.


How do you calculate minimum distribution on inherited IRA?

To calculate the minimum distribution on an inherited IRA, you first determine the account's balance as of December 31 of the previous year. Next, use the IRS Single Life Expectancy Table to find the life expectancy factor based on the beneficiary's age. Divide the IRA balance by this factor to find the required minimum distribution (RMD) for that year. Remember, different rules apply depending on whether the beneficiary is a spouse or a non-spouse, so it's essential to consider the specifics of the inheritance.

Related Questions

What does Minimum payment in your credit card bills mean What happens if pay less than the Minimum payment?

It's called minimum payment for a reason.. and that reason is that you don't have to pay you're full balance.. but you have to pay the minimum payment. NOTHING LESS


If your credit card balance is 1150 and the minimum monthly payment is 3 percent what is the minimum amount you must pay?

$1150.00 X 3% = $34.50 minimum payment or $1150.00 X .03 = $34.50 minimum payment


Why is your minimum payment equal to the total balance due?

Because you owe them one minimum payment at the time of the invoice.


Is there a minimum credit score to apply for an amex card?

You do not need a minimum credit score. You just need to be able to pay off the amount at the end of every month.


Where can I use my Amex gift card?

You can use your Amex gift card at any merchant that accepts American Express cards as a form of payment. This includes online retailers, restaurants, and other businesses that accept American Express.


Does harris teeter accept amex?

Yes, Harris Teeter does accept American Express as a form of payment. Customers can use their Amex cards at checkout for grocery purchases and other items. It's always a good idea to check with your local store for any specific policies or updates regarding payment methods.


What is the minimum down payment required for a car purchase with a 50 down payment?

The minimum down payment required for a car purchase with a 50 down payment is 50 of the total cost of the car.


What numbers do amex blue and black start with?

American Express (Amex) cards typically start with the number "3." Specifically, the Amex Blue and Black cards begin with the digits "34" or "37." These cards are part of the wider range of payment cards issued by American Express, which are distinguished by their unique numbering system.


How we use minimum in sentence?

Friday will be a minimum day for the students. The minimum payment was $50.00


If you get 1500 how much the payment will be?

It all depends on the rate from the company, and the required minimum payment. This site should help you: http://www.bankrate.com/calculators/managing-debt/minimum-payment-calculator.aspx


When you pay more than the minimum payment on a credit card how do you know it's going to the principal balance?

It is actually quite simple. Any amount that you pay that exceeds the finance charges and any fees included within that minimum payment goes toward the principal. In addition, 100% of the overpayment goes toward the principal balance. In other words, if you make just the minimum payment, a few bucks might go toward the principal balance. If you pay $20 above the minimum payment, all of that $20 plus a few bucks from the minimum payment go toward the principal balance. All of the overpayment goes toward principal. You can also look at the minimum payment calculation to determine how much of the minimum payment goes toward principal.


How does a company become an Amex merchant?

You need to contact Amex directly to become an Amex merchant. There is an online form that needs to be filled out then an Amex representive will contact you.