Minimum Payment Due. When we send you a billing statement, it will show your “Minimum Payment Due” and “New Balance.” We must receive payment of at least the Minimum Payment Due by the Payment Due Date disclosed on your billing statement. The amount of your Minimum Payment Due will be the greater of: (1) the sum (rounded to the nearest dollar) of 1% of your New Balance plus the interest and fees we charged as shown on the billing statement and any past due amounts; or (2) $15. However, if your New Balance exceeds your Credit Limit, then at our option, we may require you to pay any amount up to the entire overlimit amount instead of the Minimum Payment Due. In no event will your Minimum Payment Due exceed the amount of your New Balance. We may adjust your Minimum Payment Due in accordance with our Pay-Ahead Program.
Appears in 5 contracts
Samples: Credit Card Agreement, Credit Card Agreement, Credit Card Agreement
