For revolving accounts such as credit cards, you must make
at least the minimum payment by the due date — anything less will probably result in a late fee.
When it comes to loans and credit cards, it's vital that you always make
at least the minimum payments in a timely manner each and every month, with no exceptions.
If you do not
make at least your minimum payment on time or you exceed your credit limit you will lose the promotional rate and any balance will be charged at the standard rate.
Since the financial institution can calculate an average of payments that you receive through them, they can easily provide you financing knowing that they can debit any amount you decide to pay or
at least the minimum payments consistent only on the interest rates generated by the money withdrawn from your line of credit.
Late Payment Fee If you do not pay
at least the minimum payment within 10 days of its due date, we may charge you a late fee equal to the maximum delinquency charge permitted under the Indiana Uniform Consumer Credit Code.
To get rich and stay smart:: The easiest thing in the world for the wealthy — and anybody for that matter — is to set up automatic payments for
at least the minimum payment amount.
Loss of Introductory APR: We may end your Introductory APR and apply the Penalty APR if you do not pay
at least the Minimum Payment Due within 60 days after its Payment Due Date.
This is simple — but not necessarily easy if you're struggling to make
at least the minimum payment.