Learn · Getting steady

Minimum payment

The smallest amount you can pay on a card bill without a late fee.

Where you see it

The smallest payment on each card's page, next to the day it's due.

What it means

Each card bill shows a minimum payment, often a small share of what you owe. Paying it keeps your card in good standing. But whatever you don't pay is charged interest, so the rest keeps growing. Paying only the minimum can make a small balance take years to clear.

Why it matters

Treat the minimum as the floor, not the target, and you'll pay far less interest.

What to do

See your cards in WealthyJack.