The lowest amount you can pay on your credit card each month

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03-02-2022
Computers and Technology

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The lowest amount you can pay on your credit card each month

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Gipsonm35509idn Gipsonm35509idn · Answer 1 · 2022-02-03T15:41:33-05:00

Gipsonm35509idn Gipsonm35509idn

03-02-2022

Answer: A credit card minimum payment is often $20 to $35 or 1% to 3% of the card balance, whichever is greater.

Explanation: The minimum payment on a credit card is the lowest amount of money the cardholder can pay each billing cycle to keep the account's status “current” rather than late.

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