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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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Q: How does amex calculate your minimum payment?
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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.


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


Where can I calculate a car payment online?

You can visit pnc.com for your help on calculate a car payment. I hope this helps you find the right car and the right car payment for you. They have the tools to help you.


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.


Are there websites that can calculate car loan payments?

There are websites that calculate your car loan payments. Most dealership websites have a payment calculater on there site that will allow you to enter your down payment amount and will calculate your payment after taking everything into play.


What is the legal mimimum payment to sibling in a will?

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What to do if you cant pay your minimum payment?

Go to college.....


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.