MINIMUM MONTHLY PAYMENT. You agree that you will pay each month not less than the minimum monthly payments on or before the scheduled monthly due date. Minimum monthly payments include all amounts past due, late charges, any amount in excess of your credit line and the minimum regular payment. Your minimum regular payment will be 2% of your New Balance rounded to the nearest dollar or $25, whichever is greater. If your outstanding balance is $25 or less, you agree to pay the balance in full. You may pay in full for all your purchases and cash advances each month, or you may repay in monthly installments. We can accept late payments or partial payments, or checks, drafts, and money orders marked “payment in full,” without prejudice to our rights under this Agreement, which are hereby explicitly reserved. Payments made to your account will be applied in the following order: Fees and FINANCE CHARGES; Previously Billed Purchases; Cash Advances; New Purchases.
Appears in 16 contracts
Samples: Business Credit Card Agreement, Business Credit Card Agreement, Business Credit Card Agreement
