Common use of Amount of Minimum Payment Clause in Contracts

Amount of Minimum Payment. 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 total of two figures: the first is any past due amount; the second is the sum of (1) the greater of $30, or the combined total of all interest charges, late fees and overlimit fee, plus (2) 2.5% of the New Balance. You shall make (and the Bank shall have received at the address designated on your monthly statement) on or before the due date the minimum payment shown on your monthly statement (or, at your option, any greater amount up to the Outstanding Balance). Receipt of your minimum payment at any address other than that designated on your monthly statement may create a delay in posting the minimum payment to your Card Account and may thereby result in a late fee and additional interest charges.

Amount of Minimum Payment. If the New Balance is less than $3020, the minimum payment is the full amount of the New Balance. If the New Balance is $30 20 or more, the minimum payment is the total of two figures: the first is any past due amount; the second is the sum of (1) the greater of $30, 20 or the combined total of all interest charges, finance charges and late fees and overlimit fee, plus (2) 2.51.5% of the New Balance. You shall make (and the Bank shall have received at the address designated on your monthly statement) on or before 5:00 p.m. on the due date the minimum payment shown on your monthly statement (or, at your option, any greater amount up to the Outstanding Balance). Receipt of your minimum payment at any address other than that designated on your monthly statement may create a delay in posting the minimum payment to your Card Account and may thereby result in a late fee and additional finance charges. Making only the minimum payment will increase the amount of interest chargesyou pay and the time it takes to repay your balance.

Amount of Minimum Payment. 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 total of two figures: the first is any past due amount; the second is the sum of (1) the greater of $3030 plus late fees, or the combined total of all interest charges, late fees and overlimit fee, plus (2) 2.5% of the New BalanceBalance plus interest charges and late fees. You shall make (and the Bank shall have received at the address designated on your monthly statement) on or before 5:00 p.m. on the due date the minimum payment shown on your monthly statement (or, at your option, any greater amount up to the Outstanding Balance). Receipt of your minimum payment at any address other than that designated on your monthly statement may create a delay in posting the minimum payment to your Card Account and may thereby result in a late fee and additional interest charges.. Making only the minimum payment will increase the amount of interest you pay and the time it takes to repay your balance. 6.3: