Required Payments. 6.1 If you have a Balance as of the end of a Billing Cycle, you will be required to make a Minimum Payment by the Due Date with respect to such Billing Cycle. If you fail to make the Minimum Payment by the Due Date, you will be in Default under this Agreement. We will identify on your Monthly Statement the Minimum Payment due for such Billing Cycle, which amount shall be determined as follows: 6.1.1 If the Balance is equal to or less than $25.00, the Minimum Payment shall be the Balance. 6.1.2 If the Balance exceeds $25.00, the Minimum Payment shall be the sum of:
Appears in 18 contracts
Samples: Credit Card Agreement, Credit Card Agreement, Credit Card Agreement
