Payment on Your Account. You must pay at least the Minimum Payment for each Billing Cycle by the Payment Due Date shown on each Statement. We will calculate the Minimum Payment as the sum of: (1) the greater of $35 (or the total amount you owe if less than $35) or the sum of 1% of the New Balance on your Statement (rounded up to the nearest dollar), the periodic finance charges, and late fees we have billed you on the Statement for which your Minimum Payment is calculated, (2) any amounts that are past due, (3) the portion of your balance that exceeds your credit limit, (4) any late fees that have been previously billed, and (5) any applicable rewards participation fee then due. Notwithstanding the previous sentence, if your New Balance is less than $35.00, your Minimum Payment is equal to the total New Balance. In addition to the Minimum Payment, you may pay all or part of the total balance on your Account at any time without incurring any prepayment charge. You must always pay at least the Minimum Payment each Billing Cycle by each applicable Payment Due Date, even if you paid more than the Minimum Payment due in a previous Billing Cycle. Generally, credits to your Account, such as those generated by merchants or by person-to-person money transfers, are not treated as payments and will not reduce your Minimum Payment. If your New Balance is not paid in full before the applicable Payment Due Date, finance charges will continue to accrue, even if you paid the Minimum Payment. If you overpay or if there is a credit balance on your Account, we will not pay interest on such amounts.
Payment on Your Account. You must pay at least the Minimum Payment for each Billing Cycle by the Payment Due Date shown on each Statement. Your Minimum Payment will be the greater of: ● The interest charged on your New Balance, plus 3% of your New Balance (excluding any overlimit amount, fees, or interest charges); or ● $20 We also add the following amounts to compute your Minimum Payment: ● Any penalty fees you’ve accrued; and ● Past due amounts. Notwithstanding the foregoing, if your New Balance is less than $20.00, your Minimum Payment is equal to the New Balance. In addition to the Minimum Payment, you may pay all or part of the total balance on your Account at any time without incurring any prepayment charge. You must always pay at least the Minimum Payment each Billing Cycle by each applicable Payment Due Date, even if you paid more than the Minimum Payment due in a previous Billing Cycle. Generally, credits to your Account, such as those generated by merchants or by person-to-person money transfers, are not treated as payments and will not reduce your Minimum Payment. If your New Balance is not paid in full before the applicable Payment Due Date, finance charges will continue to accrue, even if you paid the Minimum Payment. If you overpay or if there is a credit balance on your Account, we will not pay interest on such amounts.
Payment on Your Account. Your payment is due on or before the Payment Due Date shown on your Statement. You must pay at least the Minimum Payment, which is the greater of (a) $25 (or the total amount you owe if less than $25); or (b) the sum of (1) 10% of the New Balance on your Statement (rounded upward to the nearest dollar), the periodic finance charges, and late fees we have billed you on the Statement for which your Minimum Payment is calculated, (2) any amounts that are past due, (3) the portion of your balance that exceeds your Credit Limit, (4) any late fees that have been previously billed, and (5) any applicable rewards participation fee then due. Notwithstanding the previous sentence, if your New Balance is less than $25, you must pay us the total New Balance. In addition, you may pay any part or all of the total balance of your Account at any time without incurring any prepayment charge. You may pay without penalty any portion of the entire New Balance or more than your Minimum Payment before the Payment Due Date. You understand that by making a prepayment, the total amount you owe us will be reduced but that you must pay the Minimum Payment in successive Billing Cycles as reflected in your Statement. If you overpay or if there is a credit balance on your Account, we will not pay interest on such amounts. We will continue to charge finance charges as set forth in this Agreement during Billing Cycles when you carry a balance regardless of whether your Statement includes a Minimum Payment that is due. Returns and other credits to your Account will reduce your Account balance. Payments must conform to the requirements set out on that monthly Statement, and these requirements may vary without prior notice. You may pay the entire amount you owe us at any time. We reserve the right to reject any payment if your Account has a credit balance as of the day we receive that payment. Generally, credits to your Account, such as those generated by merchants or by person-to-person money transfers, are not treated as payments and will not reduce your Minimum Payment. If your Account is at least 90 days past due, is part of a bankruptcy proceeding or is otherwise charged off, the total balance is immediately due and payable.
