Send us Feedback

Minimum payment

RECENT NEWS
Why Minimum Payment on a Credit Card Costs You So Much
Bankstocks.com  May 7  Comment 
The more you know about minimum payments, the faster you may pay down your balance.
Why Minimum Payment on a Credit Card Costs You So Much
TheStreet.com  May 6  Comment 
NEW YORK (LowCards.com) -- If you carry a balance on your credit card from one month to the next, it is important to understand what goes into calculating your minimum monthly payment. The more you know about your minimum payment, the faster you...
New Credit Card Minimum Payment Rules
Michael James on Money  Jun 10  Comment 
In response to new government regulations on credit cards, credit card companies are changing their minimum payment rules and their interest rates. In general both are going up. I don’t have many credit cards and only use one regularly, but my...




RELATED WIKI ARTICLES

Related Articles

more ▼WIKI ANALYSIS
This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition.
 

Minimum Payment is the minimum amount that a cardholder must pay in a billing cycle to avoid defaulting on the credit card. A late fee can be charged by the lender if a cardholder pays less than the minimum amount specified in the card holder agreement.

Retrieved from "http://www.wikinvest.com/wiki/Minimum_payment"
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki