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| What would the minimum payment be on my credit card? I got my first credit card last month. It's a CapitalOne Platinum Mastercard (According to my billing statement) I know I have 0% Interest or finance charges until August Last month, I only charged $8 to it, and my minimum payment was $8. But, this month I charged around $100 to it. What will my minimum payment be? (My credit limit is $500 if that means anything) I dont know if this applys to my card, but I just searched for "Minimum payment on Capital One" and I found on capital one's website that said "How Do You Calculate My Minimum Payment? Your minimum payment will be the greater of 3% of your outstanding balance or $15. If your balance is less than $15, your minimum payment will equal your balance." I dont know if that applys to my card, or if that is just a Captial One thing for all cards.. |
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| I would belive you would have to check what applies to your card... like what is the min you can pay each month?? seeing how your not being charged intrest cause you have 0% for the first 6 months?? not sure... but find out what ur min is each month and add 3$ to it.. that would be the min .. with you sayin " 3% greater of a 15$ balance".. Coorect me if i am wrong.. i am still NEW to credit cards myself.. |
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| Thread | Thread Starter | Forum | Replies | Last Post |
| how much does a credit score go down with one missed credit card payment? | fiore | Credit | 0 | 03-22-2008 10:48 PM |
| What would deferring credit card payment do to my credit score? (i dont have... | IVYLEAGUE PRICK | History | 0 | 03-19-2008 09:20 PM |
| will my finance charges go up on my credit card if i only pay the minimum? | Gillian S | Business & Finance | 0 | 03-14-2008 05:35 PM |
| credit card payment? | asdfgh | Credit | 1 | 03-12-2008 02:51 AM |
| If I pay the minimum payment on my credit card on time EVERYTIME will it give | Danelle | Credit | 0 | 03-01-2008 07:39 AM |