The credit card minimum payment is
determined by the credit card issuer.
One of the important points that you need to keep in mind is the score you require to qualify for the business credit card is
determined by the credit card issuer and other aspects of your financial situation.
Credit limits are
determined by credit card issuers depending on your creditworthiness.
Not exact matches
These are three of the factors used
by credit card issuers to
determine whether an applicant is approved or denied for a new
credit card.
Any recommendations are solely
determined by the result of this research and model, and is never influenced
by any fees, commissions, or other forms of compensation that SmartAsset may receive from
credit card issuers for leads generated on our website.
By percentage: Some
credit card issuers determine your minimum payment as a percentage of your total new balance — typically between 1 % and 3 %.
It completely stops affecting your FICO score after a period of twelve months and will only stay on your
credit report for up to two years), hard inquiries can also used
by card issuers to
determine if somebody is chasing sign up bonuses (these people are unlikely to be profitable cardholders) but this is uncommon.
Although the
card's APR is affected
by rates like the FFR, it's also
determined by the
issuer and your
credit history.
Credit cards are like a loan which is extended to you
by the
issuer under certain terms and interest
determined by your creditworthiness.
You'll also need to agree to allow the
credit card issuer to run your
credit, the result of which will
determine whether your
credit card application is accepted, and, if so, the terms you are offered
by the
issuer.