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That is the smallest possible periodic payment to a creditor that is necessary to keep the credit account in good standing.

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10y ago

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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


What does payment term immediate mean?

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The term correct when applied to Certifying Official duties mean that?

the payment is not a duplicate of a previous payment


What does minimum mean in term?

the word minimum means the biggest tooter/farter in the world


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How does amex calculate your minimum payment?

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.


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


What does the payment term Net 30 mean?

net 30 MF


What does 31 days nett payment mean?

It's a payment term meaning: payment due 30 days from the end of the month in which the invoice is raised.


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

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


How we use minimum in sentence?

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


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.