Common use of Minimum Payment Clause in Contracts

Minimum Payment. If you have an outstanding balance, we must receive your minimum payment as set forth in section 2 "Making Payments" below. The minimum payment will be the greater of: (i) $35, or (ii) One percent (1%) of the New Balance plus: (a) The periodic interest charges for the Billing Cycle; plus (b) The full amount of any transaction fees (such as Cash Advance, Balance Transfer and Foreign Transaction Fees) owed for the Billing Cycle; plus (c) The full amount of any Annual Membership Fee, Late Payment or Returned Payment Fee or other applicable fees owed. In addition, any past due minimum payment amounts will be added to your current minimum payment due. If your New Balance is less than $35, your minimum payment will equal your New Balance. Credits, Payment Plus credits (if you have a Payment Plus Account), adjustments, refunds, prepayments and similar Account transactions may not be used in place of payment of any portion of a required minimum payment. You may pay more than the minimum payment due (this is a prepayment) without any penalty. The sooner you pay the New Balance, the less you will pay in interest charges. A prepayment in one Billing Cycle will not excuse you from paying the minimum payment due in the next Billing Cycle.

Minimum Payment. If you have an outstanding balance, we must receive your minimum payment as set forth in section 2 "Making Payments" belowby no later than 5 p.m. Eastern Time on the payment due date. The minimum payment will be the greater of: (i) $35, or (ii) One percent (1%) of the New Balance plus: (a) The periodic interest charges for the Billing Cycle; plus (b) The full amount of any transaction fees (such as Cash Advance, Balance Transfer and Foreign Transaction Fees) owed for the Billing Cycle; plus (c) The full amount of any Annual Membership Fee, Late Payment or Returned Payment Fee or other applicable fees owed. In addition, any past due minimum payment amounts will be added to your current minimum payment due. If your New Balance is less than $35, your minimum payment will equal your New Balance. Credits, Payment Plus credits (if you have a Payment Plus Account), adjustments, refunds, prepayments and similar Credit Card Account transactions may not be used in place of payment of any portion of a required minimum payment. You may pay more than the minimum payment due (this is a prepayment) without any penalty. The sooner you pay the New Balance, the less you will pay in interest charges. A prepayment in one Billing Cycle will not excuse you from paying the minimum payment due in the next Billing Cycle.

Minimum Payment. If you have an outstanding balance, we must receive your minimum payment as set forth in section 2 "Making Payments" belowby no later than 5 p.m. Eastern Time on the payment due date. The minimum payment will be the greater of: (i) $35, or (ii) One percent (1%) of the New Balance plus: (a) The periodic interest charges for the Billing Cycle; plus (b) The full amount of any transaction fees (such as Cash Advance, Balance Transfer and Foreign Transaction Fees) owed for the Billing Cycle; plus (c) The full amount of any Annual Membership Late Payment Fee, Late Payment or Returned Payment Fee or other applicable fees owed. In addition, any past due minimum payment amounts will be added to your current minimum payment due. If your New Balance is less than $35, your minimum payment will equal your New Balance. Credits, Payment Plus credits (if you have a Payment Plus Account), adjustments, refunds, prepayments and similar Account transactions may not be used in place of payment of any portion of a required minimum payment. You may pay more than the minimum payment due (this is a prepayment) without any penalty. The sooner you pay the New Balance, the less you will pay in interest charges. A prepayment in one Billing Cycle will not excuse you from paying the minimum payment due in the next Billing Cycle.

Minimum Payment. If you have an outstanding balance, we must receive your minimum payment as set forth in section 2 "Making Payments" below. The minimum payment will be the greater of: (i) $35, or (ii) One percent (1%) of the New Balance plus: (a) The periodic interest charges for the Billing Cycle; plus (b) The full amount of any transaction fees (such as Cash Advance, Balance Transfer and Foreign Transaction Fees) owed for the Billing Cycle; plus (c) The full amount of any Annual Membership Fee, Late Payment or Returned Payment Fee or other applicable fees owed. In addition, any past due minimum payment amounts will be added to your current minimum payment due. If your New Balance is less than $35, your minimum payment will equal your New Balance. Credits, Payment Plus credits (if you have a Payment Plus Account), adjustments, refunds, prepayments and similar Account transactions may not be used in place of payment of any portion of a required minimum payment. You may pay more than the minimum payment due (this is a prepayment) without any penalty. The sooner you pay the New Balance, the less you will pay in interest charges. A prepayment in one Billing Cycle will not excuse you from paying the minimum payment due in the next Billing Cycle.