Minimum Amount Due or “MAD” means the amount stated as such in the Statement.
Minimum Amount Due is a % of the Current Balance subject to a minimum amount and the Over-limit Amount (if any), which if paid by the Payment Due Date to avoid any late payment charges. Any Overdue Amounts will be included in the Minimum Amount Due.
Minimum Amount Due means:
Examples of Minimum Amount Due in a sentence
Fees may increase your Minimum Amount Due on your next monthly statement.
We will apply the funds first towards clearance of the Minimum Amount Due in respect of all Card accounts you hold with us.
Late payment charges will be applicable if the Minimum Amount Due on the card is unpaid for more than 3 days from the Payment Due Date.
The cardholder needs to make payment against the outstanding by 5th August 2019, i.e. 20 days from the Statement Date, for anything between the entire amount or Minimum Amount Due.
Interest will be charged if the Total Amount Due is not paid by the payment due date even if the Minimum Amount Due has been paid.
More Definitions of Minimum Amount Due
Minimum Amount Due means such percentage of the Total Outstanding balance in the Card Account, as may be determined by the Bank from time to time, that a Cardmember is required to pay at each instance of the Billing Cycle and carry forward the balance amount for payment in the next Billing Cycle. For the purpose herein, it is clarified that the Cardmember must pay at least the amount indicated as Minimum Amount Due for each Billing Cycle and the balance amount carried forward will attract Finance Charges and the same will have to be paid by the Cardmember.
Minimum Amount Due or “MAD” means the amount mentioned in the SBM Rupicard Credit Card statement, which is the minimum payment a Cardmember must make by the payment due date to keep the card account in good standing.
Minimum Amount Due or “MAD” means the amount mentioned in the OneCard credit card statement, which is the minimum payment a Cardmember must make by the payment due date to keep the card account in good standing;
Minimum Amount Due. Each month you must pay a minimum amount that is calculated as follows:
Minimum Amount Due is 5% of the Current Balance subject to a minimum of Tk.500/or such other amount as determined by the Bank from time to time, which if paid by the Payment Due Date will avoid any late payment charges.
Minimum Amount Due means the least amount I have to pay on or before the Payment Due Date to keep my account current. Minimum Amount Due computation:
Minimum Amount Due in relation to the Overdraft Facility shall mean the minimum amount payable by the Borrower which shall be calculated and payable as per clause 2.6A hereto.