asked 176k views
4 votes
What does making a credit card minimum payment mean?

asked
User Yeameen
by
7.1k points

1 Answer

4 votes

Credit card terms require you to pay at least the minimum payment by the date pointed out every month. This payment is the lowest amount you can pay on your credit card to avoid penalties. Minimum payments are usually a percentage of your outstanding balance.

Hope this helps.

answered
User Diahanna
by
9.0k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories