How Credit Card Minimum Payments Are Calculated
Understanding Credit Card Minimum Payments: A Guide To How Different Issuers Calculate What You Owe
If your trip is canceled or cut short by sickness, severe weather and other covered situations, you can be reimbursed up to $10,000 per person and $20,000 per trip for your pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels.
Get 25% more value when redeemed for travel. For example 60,000 points are worth $750 toward travel when redeemed through Chase Travel℠. Plus, Chase Travel℠ rewards points do not expire as long as the account is open.
We help safeguard your credit card purchases using sophisticated fraud monitoring. We monitor for fraud 24/7 and can text, email or call you if there are unusual purchases on your credit card.
View your FICO® Score anytime, with no impact to your score. It's updated monthly and easy to find on the Citi Mobile® App and Citi® Online. See the key factors affecting your score and more.
Earn up to $240 back toward your qualifying AT&T wireless bills every year - it pays to be an AT&T wireless customer. Every billing cycle, earn $20 back as a statement credit after you spend $1000 on purchases or $10 back as a statement credit after you spend $500-$999.99 on your AT&T Points Plus? Card.
Means you won't be held responsible for unauthorized charges made with your card or account information.
You can be reimbursed up to $1,500 per person and $6,000 per trip for your pre-paid, non-refundable passenger fares, if your trip is canceled or cut short by sickness, severe weather and other covered situations.
Covers your new purchases for 120 days against damage or theft up to $500 per claim and $50,000 per account.
Extends the time period of the U.S. manufacturer's warranty by an additional year, on eligible warranties of three years or less.
Get a complimentary 3 months of DashPass, DoorDash's membership that provides unlimited deliveries with $0 delivery fee and reduced service fees on eligible orders on DoorDash and Caviar. After that, you are automatically enrolled in DashPass at 50% off for the next 9 months. Activate by December 31, 2024.
Earn 5% cash back on Lyft rides through March 31, 2025. That's 3.5% cash back in addition to the 1.5% cash back you already earn.
Let Citi Entertainment bring the fun to you. Through the Citi Entertainment program you can enjoy access to purchase pre-sale tickets for music, sports, culinary experiences and more — from virtually anywhere.
Travel benefits your business needs including $100,000 in travel accident insurance. Additional services include auto rental insurance, emergency ticket replacement, lost-luggage assistance and legal and medical referrals when you're away from home.
Travel benefits your business needs including $100,000 in travel accident insurance. Additional services include auto rental insurance, emergency ticket replacement, lost-luggage assistance and legal and medical referrals when you’re away from home.
Travel benefits your business needs including $1,000,000 in travel accident insurance. Additional services include auto rental insurance, emergency ticket replacement, lost-luggage assistance and legal and medical referrals when you're away from home.
Enjoy 20% back on Alaska Airlines inflight purchases when you pay with your new card.
Priority Boarding for any cardholder when paying for the flight with an Alaska Airlines Business card.
Free checked bag for any cardholder and up to 6 guests on the same reservation when you pay for your flight with your card - that's a savings of $60 per person roundtrip!
Earn another Alaska's Famous Companion Fare™ ($99 fare plus taxes and fees from $23) each account anniversary after spending $6,000 or more on purchases within the prior anniversary year.
Enjoy 20% back on Alaska Airlines inflight purchases when you pay with your new card.
Free checked bag for any cardholder who purchases airfare with their card, and up to 6 additional guests traveling on the same reservation.
You'll enjoy priority boarding when you pay for your flight with your card, so you can get to your seat quicker.
Get a $99 Companion Fare (plus taxes and fees from $23) each account anniversary after you spend $6,000 or more in purchases within the prior anniversary year.
Travel services your business needs including $1 million in travel accident insurance, lost luggage reimbursement, trip cancellation coverage, and trip delay reimbursement.
Travel Insurance protections to assist with trip delays, cancellations and interruptions, baggage delays, lost luggage and emergency evacuation and transportation.
Enjoy a premium set of benefits when you use your Premium Rewards® card to book through the Visa Signature Luxury Hotel Collection.
Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signatureregistered® Concierge.
Pay for rental cars using an eligible card and get reimbursed for covered damage or theft.
Get Travel Accident Insurance protection of up to $1,000,000 when you purchase your airline or other common carrier ticket with your eligible credit card.
Available whenever you're in need of a tow - for eligible Wells Fargo cardholders 24/7 with no membership required.
If your common carrier travel is delayed more than 6 hours or requires an overnight stay, you and your family are covered for unreimbursed expenses, such as meals and lodging, up to $500 per ticket.
If you run into a problem away from home, call the Benefit Administrator for legal and medical referrals or other travel emergency assistance. (You will be responsible for the cost of any goods or services obtained.)
Take advantage of cardmember perks such as a room upgrade and daily breakfast at over 1,000 properties when you book with The Luxury Hotel & Resort Collection.
You can be reimbursed for eligible items that the store won't take back within 90 days of purchase, up to $500 per item, $1,000 per year.
If you or an immediate family member check or carry-on luggage that is damaged or lost by the carrier, you're covered up to $3,000 per passenger.
If you're 100 miles or more from home on a trip, you can be reimbursed up to $2,500 for medical expenses if you or your immediate family member become sick or injured.
If you or a member of your immediate family are injured or become sick during a trip far from home that results in an emergency evacuation, you can be covered for medical services and transportation up to $100,000.
Reimburses you for essential purchases like toiletries and clothing for baggage delays over 6 hours by passenger carrier up to $100 a day for 5 days.
With Return Protection, you may return eligible purchases to American Express if the seller won't take them back up to 90 days from the date of purchase. American Express may refund the full purchase price excluding shipping and handling, up to $300 per item, up to a maximum of $1,000 per calendar year per Card account, if you purchased it entirely with your eligible American Express® Card. Purchases must be made in the U.S. or its territories.
Get a $7 monthly statement credit after using your enrolled Blue Cash Everyday® Card to spend $9.99 or more each month on a subscription1 to the Disney Bundle. Valid only at DisneyPlus.com, Hulu.com, or Plus.espn.com in the U.S.
Means you won't be held responsible for unauthorized charges made with your card or account information.
You can be reimbursed up to $1,500 per person and $6,000 per trip for your pre-paid, non-refundable passenger fares, if your trip is canceled or cut short by sickness, severe weather and other covered situations.
You can be reimbursed up to $1,500 per person and $6,000 per trip for your pre-paid, non-refundable passenger fares, if your trip is canceled or cut short by sickness, severe weather and other covered situations.
If you run into a problem away from home, call the Benefit Administrator for legal and medical referrals or other travel emergency assistance. (You will be responsible for the cost of any goods or services obtained.)
Covers your new purchases for 120 days against damage or theft up to $500 per claim and $50,000 per account.
A 24/7 on-demand referral dispatch network that provides emergency roadside assistance, towing, or locksmith service when you need them. For assistance, call 1-800-847-2869. Refer to your Guide to Benefits for more information. Terms apply.
Extends the time period of the U.S. manufacturer's warranty by an additional year, on eligible warranties of three years or less.
Get a complimentary 3 months of DashPass, DoorDash's membership that provides unlimited deliveries with $0 delivery fee and reduced service fees on eligible orders on DoorDash and Caviar. After that, you are automatically enrolled in DashPass at 50% off for the next 9 months. Activate by December 31, 2024.
Decline the rental company's collision insurance and charge the entire rental cost to your card. Coverage is provided for theft and collision damage for most cars in the U.S. and abroad. In the U.S., coverage is secondary to your personal insurance.
We help safeguard your credit card purchases using sophisticated fraud monitoring. We monitor for fraud 24/7 and can text, email or call you if there are unusual purchases on your credit card.
Earn 5% cash back on Lyft rides through March 31, 2025. That's 3.5% cash back in addition to the 1.5% cash back you already earn.
Get up to $300 in statement credits each year when you pay for an Equinox+ digital subscription with live and on-demand classes, or an Equinox club membership (subject to auto-renewal) with your Platinum Card®.
Take advantage of the most flexible travel credit available by receiving up to $300 in statement credit reimbursements each anniversary year for more of your travel purchases than any other card.
Earn up to $250 per year as a statement credit after using your Delta SkyMiles® Reserve Business Card to book prepaid hotels or vacation rentals through Delta Stays on delta.com.
With Global Dining Access by Resy, unlock insider access to reservations at sought-after restaurants when you add your Delta SkyMiles® Reserve Business Card to your Resy profile through the Resy app or website. You can also take advantage of your $240 Resy Credit to earn up to $20 per month in statement credits on eligible purchases with U.S. Resy restaurants after you enroll through your americanexpress.com account.
Discover restaurants to love on your upcoming trip. With your enrolled Delta SkyMiles Reserve American Express Card, you can earn up to $20 per month in statement credits on eligible purchases with U.S. Resy restaurants.
Receive a statement credit of up to $100 every 4 years as reimbursement for the application fee for Global Entry, TSA PreCheck® or NEXUS when charged to your card.
Unlimited tier qualifying points (TQPs): Earn 1,500 TQPs toward A-List status for every $10,000 you spend–there is no limit on the amount of TQPs you can earn.
Earn 1,500 tier qualifying points toward A-List status for every $5,000 spent – with no limit on the amount of TQPs you can earn.
Get an unlimited dollar-for-dollar match of all the cash back you earn at the end of your first year, automatically. There is no limit to how much we'll match. So you could turn $50 cash back into $100. Or $100 into $200.
If your trip is canceled or cut short by sickness, severe weather and other covered situations, you can be reimbursed up to $5,000 per person and $10,000 per trip for your pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels.
If your trip is canceled or cut short by sickness, severe weather, and other covered situations, you can be reimbursed up to $10,000 per person and $20,000 per trip for your pre-paid, non-refundable travel expenses including passenger fares, tours, and hotels.
You can be reimbursed up to $1,500 per person and $6,000 per trip for your pre-paid, non-refundable passenger fares, if your trip is canceled or cut short by covered situations like sickness or injury.
You can be reimbursed up to $1,500 per person and $6,000 per trip for your pre-paid, non-refundable passenger fares, if your trip is canceled or cut short by sickness, severe weather and other covered situations.
You can be reimbursed up to $1,500 per person and $6,000 per trip for your pre-paid, non-refundable passenger fares, if your trip is canceled or cut short by sickness, severe weather and other covered situations.
If your trip is canceled or cut short by sickness, severe weather and other covered situations, you can be reimbursed up to $5,000 per person and $10,000 per trip for your pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels.
If your trip is canceled or cut short by sickness, severe weather and other covered situations, you can be reimbursed up to $10,000 per person and $20,000 per trip for your pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels.
Offers up to $5,000 reimbursement for a non-refundable passenger fare if your trip is interrupted or canceled for a covered reason, when your passenger fare is booked with your Bilt Mastercard®.
Did you know you can enroll in complimentary ShopRunner membership as a benefit of your Card? With ShopRunner, you can get free 2-day shipping* and free return shipping on eligible items at 100+ online stores.
Get free 2-day shipping* on eligible items at a growing network of 100+ online stores with ShopRunner.
Get free 2-day shipping* on eligible items at a growing network of 100+ online stores with ShopRunner. Enroll in complimentary membership as a benefit of your eligible Card.
Upgrade your tech, enhance your business. Enroll and get up to $400 in statement credits per year for toward U.S. purchases with Dell Technologies on your Business Platinum Card. That's up to $200 back semi-annually.
Save 20% when you purchase points with your IHG One Rewards Traveler credit card.
Save 20% when you purchase points with your IHG One Rewards Premier Business Credit Card.
Save 20% when you purchase points with your IHG One Rewards Premier credit card.
A 24/7 on-demand referral dispatch network that provides emergency roadside assistance, towing, or locksmith service when you need them. For assistance, call 1-800-847-2869. Refer to your Guide to Benefits for more information. Terms apply.
When an American Express Card Member charges a Covered Purchase with their Eligible Card, Purchase Protection can help protect their Covered Purchases for up to 90 days from the Covered Purchase date if it is stolen or accidentally damaged. The coverage is limited up to $1,000 per occurrence, up to $50,000 per Card Member account per calendar year.
Sometimes your favorite new purchase gets stolen, accidentally damaged, or lost. But when you use your Eligible Card for Covered Purchases, your Membership can help protect them for up to 90 days from the Covered Purchase date.
Sometimes your favorite new purchase gets stolen or accidentally damaged. But when you use your Eligible Card for Covered Purchases, your Membership can help protect them for up to 90 days from the Covered Purchase date, subject to the Coverage Limits.
Sometimes your favorite new purchase gets stolen or accidentally damaged. But when you use your Eligible Card for Covered Purchases, your Membership can help protect them for up to 90 days from the Covered Purchase date, subject to the Coverage Limits.
Earn 5x total points on Peloton equipment and accessory purchases over $150 with a max earn of 25,000 total points now through Mar. 31, 2025.
Redeem points for a statement credit to cover travel purchases made with your Card, such as hotels, car rentals, ride-shares, flights, and more. There is no limit to the amount of points you can redeem through June 30, 2024. Each point is worth 1.25 cents which means you can get a $1,250 statement credit for 100,000 points redeemed.
New cardmembers will automatically receive Aeroplan 25K Status for the remainder of the calendar year, plus the following calendar year.*Opens offer details overlay Enjoy benefits such as Priority Airport Services and upgrades to premium cabins on Air Canada operated flights. Keep your Aeroplan 25K Status with $15,000 in account spend during a calendar year.
Hilton Honors American Express Surpass® Card Members can enjoy complimentary National Car Rental® Emerald Club Executive® status, including perks like Executive Area Access (for full-size reservations and above) in the USA and Canada. Card Members must enroll in the National Car Rental Emerald Club Executive status through their American Express online account using their Card.
Receive $2,500 Medallion® Qualification Dollars each Medallion Qualification Year. Plus, Get $1 Medallion® Qualification Dollar for each $20 in purchases on your Card in a calendar year, getting you closer to the Medallion Status for next Medallion Year quicker.
With MQD Headstart, you can receive $2,500 Medallion Qualification Dollars each Medallion Qualification Year and you can get closer to elevated Status for next Medallion® Year.
Earn $1 Medallion® Qualification Dollar for each $10 of purchases made on your Delta SkyMiles Reserve American Express Card in a calendar year and get a boost toward achieving elevated Medallion Status for next Medallion Year.
MileagePlus miles never expire. This MileagePlus program benefit gives you a lifetime to use your miles on flights and much more.
Offered by Mastercard®, this program helps eliminate the worry of identity theft by monitoring and alerting cardholders if suspicious activity is found. It takes just a few minutes to enroll for free, and as soon as you do, your monitoring begins.
Need to locate hard to find items or even reserve that perfect table? Our concierge is there to help. To contact the concierge, call the number on the back of your card.
Receive a 7% discount off standard rates for reservations of standard guest rooms at hotels which participate in the Marriott Bonvoy program when you book directly. Terms and Conditions apply.
With complimentary Marriott Bonvoy® Gold Elite Status, earn up to 2.5X points on every eligible hotel purchase for qualifying rates. That's 25% more points on eligible hotel purchases.
With Marriott Bonvoy Gold Elite status, you can receive upgrades to enhanced rooms upon check-in when available.
Earn 1 Free Night Award after spending $15,000 on eligible purchases on your Marriott Bonvoy Bevy™ Card in a calendar year. Award can be used for one night (redemption level at or under 50,000 Marriott Bonvoy® points) at a participating hotel. Certain hotels have resorts fees.
Air+Car allows members to redeem Marriott Bonvoy points for flights and car rentals across hundreds of travel partners around the world.
Take 3 rides in one calendar month, get a $5 Lyft credit with your Bilt Mastercard® through 3/31/24,
The ID Theft Protection program offered by Mastercard helps eliminate the worry of identity theft by monitoring the information you choose to protect and alerting you if suspicious activity is found. It takes just a few minutes to enroll for free, and as soon as you do, your monitoring begins. Visit mastercardidps.idprotectiononline.com to learn more
Earn IHG One Rewards Gold Elite Status after you spend $20,000 on purchases each calendar year.
Credit of up to $100 ($120 starting 10/1/24) every 4 years as reimbursement for the application fee charged to your card.
Credit of up to $100 ($120 starting 10/1/24) every 4 years as reimbursement for the application fee charged to your card.
Receive a statement credit of up to $100 every 4 years as reimbursement for the application fee for Global Entry, TSA PreCheck® or NEXUS when charged to your card.
Receive a statement credit of up to $100 every four years as reimbursement for the application fee for Global Entry, TSA PreCheck® or NEXUS when you use your card.
Receive a statement credit of up to $100 every 4 years as a reimbursement for the application fee charged to your Aeroplan Card.
Receive one statement credit of up to $100 every four years as reimbursement for the application fee charged to your card.
Unlock access to exclusive reservations and special dining experiences with Global Dining Access by Resy when you add your Platinum Card to your Resy profile.
Whenever you travel more than 100 miles from home, you may be eligible for 24/7 emergency assistance and coordination services, including medical, legal, and passport referrals, emergency cash wires, and missing luggage assistance. Card Members are responsible for the costs charged by third-party service providers.
Whenever you travel more than 100 miles from home, Global Assist Hotline is available for 24/7 emergency assistance and coordination services, including medical and legal referrals, emergency cash wires, and missing luggage assistance. Card Members are responsible for the costs charged by third-party service providers.
When it's time to travel again, rest assured that our Global Assist® Hotline is still on call for all Card Members traveling more than 100 miles from home.
Extends the time period of the U.S. manufacturer's warranty by an additional year, on eligible warranties of three years or less.
Extends the time period of the U.S. manufacturer's warranty by an additional year, on eligible warranties of three years or less.
Extends the time period of the U.S. manufacturer's warranty by an additional year, on eligible warranties of three years or less.
Extends the time period of the U.S. manufacturer's warranty by an additional year, on eligible warranties of three years or less.
Each calendar year you can receive 15 Elite Night Credits towards the next level of Marriott Bonvoy Elite status. Limitations apply per Marriott Bonvoy member account. Benefit is not exclusive to Cards offered by American Express. Terms apply.
Premier qualifying points (PQP) help you earn MileagePlus Premier® status, which provides you with an enhanced travel experience. You'll earn 500 PQP for every $12,000 you spend on purchases with your Club Card (up to 10,000 Premier qualifying points per calendar year) that can be applied toward your Premier status qualification, up to the Premier 1K level. Visit for details about earning Premier status.
Premier qualifying points (PQP) help you earn MileagePlus Premier® status, which provides you with an enhanced travel experience. You'll earn 500 PQP for every $12,000 you spend on purchases with your Quest Card (up to 6,000 PQP in a calendar year) that can be applied toward your Premier status qualification, up to the Premier 1K level. Visit for details about earning Premier status.
Earn 5 Avios for every $1 spent on gas, grocery stores and dining for the first 12 months of account opening, or until you reach $10,000 in combined purchases. Normally, these category purchases earn 1 Avios.
Earn 5 Avios for every $1 spent on gas, grocery stores and dining for the first 12 months of account opening, or until you reach $10,000 in combined purchases. Normally, these category purchases earn 1 Avios.
Premier qualifying points (PQP) help you earn MileagePlus Premier® status, which provides you with an enhanced travel experience. You'll earn 500 PQP for every $12,000 you spend on purchases with your United℠ Business Card (up to 1,000 PQP in a calendar year) that can be applied toward your Premier status qualification, up to the Premier 1K level. Visit for details about earning Premier status.
Premier qualifying points (PQP) help you earn MileagePlus Premier® status, which provides you with an enhanced travel experience. You'll earn 500 PQP for every $12,000 you spend on purchases with your Explorer Card (up to 1,000 PQP in a calendar year) that can be applied toward your Premier status qualification, up to the Premier 1K level. Visit for details about earning Premier status.
Get one Free Night Award every year, after your Card renewal month. And earn another Free Night Award after you spend $60,000 in purchases on your Card in a calendar year. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy points) at over 7,000 hotels participating in the Marriott Bonvoy program worldwide. Certain hotels have resort fees.
Get one-year complimentary DashPass, a membership for both DoorDash and Caviar that provides unlimited deliveries with $0 delivery fees and lower service fees on eligible orders. After that, you are automatically enrolled in DashPass at the current monthly rate. Activate by 12/31/24.
Get one-year complimentary DashPass, a membership for both DoorDash and Caviar that provides unlimited deliveries with $0 delivery fees and lower service fees on eligible orders. After that, you are automatically enrolled in DashPass at the current monthly rate. Activate by 12/31/24.
Get one-year complimentary DashPass, a membership for both DoorDash and Caviar that provides unlimited deliveries with $0 delivery fees and lower service fees on eligible orders. After that, you are automatically enrolled in DashPass at the current monthly rate. Activate by 12/31/24.
Get one-year complimentary DashPass, a membership for both DoorDash and Caviar that provides unlimited deliveries with $0 delivery fees and lower service fees on eligible orders. After that, you are automatically enrolled in DashPass at the current monthly rate. Activate by 12/31/24.
Getting into your Rental Vehicle can be the start of a great vacation. When you use your Eligible Card to reserve and pay for the Entire Rental and decline the collision damage waiver at the rental Company counter, you can be covered for Damage to or Theft of a Rental Vehicle in a Covered Territory. Please read important exclusions and restrictions. Not all vehicle types or rentals are covered. Coverage is not available for vehicles rented in Australia, Italy, and New Zealand. This product provides secondary coverage and does not include liability coverage.
When you use your Eligible Card to reserve and pay for the Entire Rental and decline the collision damage waiver (CDW) at the Rental Company counter, You can be covered for Damage to or Theft of a Rental Vehicle in a Covered Territory. Please read important exclusions and restrictions. Not all vehicle types or rentals are covered. Coverage is not available for vehicles rented in Australia, Italy, and New Zealand. This product provides secondary coverage and does not include liability coverage.
Getting into your Rental Vehicle can be the start of a great vacation. When you use your Eligible Card to reserve and pay for the Entire Rental and decline the collision damage waiver (CDW) at the rental Company counter, you can be covered for Damage to or Theft of a Rental Vehicle in a Covered Territory. Please read important exclusions and restrictions. Not all vehicle types or rentals are covered. Coverage is not available for vehicles rented in Australia, Italy, and New Zealand. This product provides secondary coverage and does not include liability coverage.
Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.
Getting into your Rental Vehicle can be the start of a great vacation. When you use your Eligible Card to reserve and pay for the Entire Rental and decline the collision damage waiver at the rental Company counter, you can be covered for Damage to or Theft of a Rental Vehicle in a Covered Territory. Please read important exclusions and restrictions. Not all vehicle types or rentals are covered. Coverage is not available for vehicles rented in Australia, Italy, and New Zealand. This product provides secondary coverage and does not include liability coverage.
Getting into your Rental Vehicle can be the start of a great vacation. When you use your Eligible Card to reserve and pay for the Entire Rental and decline the collision damage waiver at the rental Company counter, you can be covered for Damage to or Theft of a Rental Vehicle in a Covered Territory. Please read important exclusions and restrictions. Not all vehicle types or rentals are covered. Coverage is not available for vehicles rented in Australia, Italy, and New Zealand. This product provides secondary coverage and does not include liability coverage.
As a Card Member, you can be covered for Damage to or Theft of a Rental Vehicle in a Covered Territory when you use your Eligible Card to reserve and pay for the Entire Rental and decline the collision damage waiver (CDW) at the Rental Company counter. Please read important exclusions and restrictions. Not all vehicle types or rentals are covered. Coverage is not available for vehicles rented in Australia, Italy, and New Zealand. This product provides secondary coverage and does not include liability coverage.
Getting into your Rental Vehicle can be the start of a great vacation. When you use your Eligible Card to reserve and pay for the Entire Rental and decline the collision damage waiver at the rental Company counter, you can be covered for Damage to or Theft of a Rental Vehicle in a Covered Territory. Please read important exclusions and restrictions. Not all vehicle types or rentals are covered. Coverage is not available for vehicles rented in Australia, Italy, and New Zealand. This product provides secondary coverage and does not include liability coverage.
Reimburses you for essential purchases like toiletries and clothing for baggage delays over 6 hours by passenger carrier up to $100 a day for 3 days.
Reimburses you for essential purchases like toiletries and clothing for baggage delays over 6 hours by passenger carrier up to $100 a day for 3 days.
Reimburses you for essential purchases like toiletries and clothing for baggage delays over 6 hours by passenger carrier up to $100 a day for 5 days.
Reimburses you for essential purchases like toiletries and clothing for baggage delays over 6 hours by passenger carrier up to $100 a day for 5 days.
Decline the rental company's collision insurance and charge the entire rental cost to your card. Coverage is primary when renting for business purposes and provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
Decline the rental company's collision insurance and charge the entire rental cost to your card. Coverage is primary when renting for business purposes and provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most rental cars in the U.S. and abroad.
Decline the rental company's collision insurance and charge the entire rental cost to your card. Coverage is provided for theft and collision damage for most cars in the U.S. and abroad. In the U.S., coverage is secondary to your personal insurance.
Decline the rental company's collision insurance and charge the entire rental cost to your card. Coverage is primary when renting for business purposes and provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
Earned each account anniversary year with a current point redemption cap of 40,000 points. You can also use existing points from your IHG One Rewards account to redeem your Anniversary Night at hotels above the 40,000 point redemption level.
Each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year. That means if you spend $25,000 on purchases, you'll get 2,500 bonus points.
With Preferred Access, you will have access to premium seats for select cultural and sporting events, based on availability.
Get the creative solutions your business needs. Enroll and get up to $150 in statement credits per year for eligible annual prepaid business plan purchases with Adobe on Creative Cloud for teams or Acrobat Pro DC with e-sign for teams on the Business Platinum Card. Annual prepaid business plans automatically renew each year on your annual subscription date until cancelled.
Get 25% more value when redeemed for travel. For example 60,000 points are worth $750 toward travel when redeemed through Chase Travel℠. Plus, Chase Travel℠ points do not expire as long as the account is open.
Enjoy complimentary access to The Centurion® Lounge when you book your Delta flight with your Reserve Card.
If you don't have Medallion Status, your Card adds you to the Complimentary Upgrade list, after Medallion Members.
Receive 9,000 bonus points each year after your Cardmember anniversary.
7,500 points every year on your Cardmember anniversary.
Receive 6,000 bonus points each year after your Cardmember anniversary.
Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn 1% cash back on all other purchases.
Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn 1% cash back on all other purchases.
You'll receive 5,000 bonus miles each year on your United℠ Business Card anniversary when you have both the United℠ Business Card and a personal Chase United card.
3,000 points every year on your Cardmember anniversary.
We'll automatically match all the Miles you earn at the end of your first year. You could turn 35,000 Miles to 70,000 Miles, which is $700 all for you. No minimum spending requirement on your new card.
After account opening and on each anniversary - over a $100 value per year. For an updated list of United Club locations and any temporary closures, please visit
Understanding Credit Card Minimum Payments: A Guide To How Different Issuers Calculate What You Owe
song.url
If you’re applying for a new credit card or if you’re planning to make a balance transfer from one credit card to another, it is of utmost importance to know how the minimum payment is calculated by the new card issuer. Not every bank has the same method as to how they calculate a minimum payment, so beware of that when transferring your balance from one card to another. Your minimum payment may go up, and you will want to make sure that you can afford the new minimum monthly payment. (If the new card has a lower or 0% APR offer, then in most cases, your minimum payment will go down because your monthly interest will be less.)
Bank | Minimum Payment Calculation |
---|---|
American Express Personal | The greater of these: $40, 2% of the balance excluding interest and fees*, 1% of your balance plus interest and fees* |
American Express Business | The greater of these: $35, For a balance of $0-$25,000: 1% of the balance plus monthly interest and fees*, For a balance of $25,000-$75,000: 5% of the balance plus monthly interest and fees*, For a balance over $75,000: 10% of the balance plus monthly interest and fees* |
Bank Of America | The greater of these: $25, or 1% of the full balance plus the monthly interest and fees |
Barclay Bank | The greater of these: $27, or 1% of the full balance plus the monthly interest and fees |
Capital One | The greater of these: $25, or 1% of the full balance plus the monthly interest and fees |
Chase | The greater of these: $25, or 1% of the full balance plus the monthly interest and fees |
Citi | The greater of these: $25 or 1% of the full balance plus the monthly interest and fees, or 1.5% of the full balance |
Discover | The greater of these: $35, or 2% of the full balance or $20 plus the monthly interest and fees |
Santander | The greater of these: $25, or 1% of the full balance plus the monthly interest and fees |
Synchrony | The greater of these: $25, or $35 if you had any late payments within the last six months, or 1% of your full balance plus the monthly interest and fees |
Us Bank | The greater of these: $30, or 1% of your full balance plus the monthly interest and fees |
Wells Fargo | The greater of these: $15, or 1% of the full balance plus the monthly interest and fees |
Amex will also add 1/24th of charges above the credit limit for personal cards and all charges above the credit limit for business credit cards.
As you can see, most banks adopted the same calculation method, which is: the greater of these two: $25 or 1% of the full balance plus the monthly interest and fees.
American Express has a different minimum payment for personal credit cards and business credit cards (Amex always likes to complicate matters), as noted above. The minimum payment for personal cards will always be the greater of $40 or 2% of the entire balance excluding interest and fees or 1% of the balance plus interest and fees. In other words, if you carry a balance and pay interest, expect your minimum payment to be 1% of your balance plus interest and fees. If you don’t carry balances and don’t pay interest, your minimum payment will be 2% of your balance.
The minimum payment for business cards is split into three tiers:
Also, keep in mind that with American Express, any amount you swipe above your credit limit will be due in full.
Discover will charge you $35 or 2% of your full balance without adding the monthly interest, or $20 plus the monthly interest. So basically, if you have a $10,000 balance with a 0% APR promotion, your minimum payment will be $200 (2% of 10,000). But if you pay monthly interest at, let’s say, 24%, then your minimum payment will be $220 (the monthly interest is $200 plus $20). But if your APR is 12%, the minimum payment will be $200 (2% of your balance).
Complicated? I know. Let me try, though, to make it simpler. Remember this: if you have a high APR on your Discover card, then Discover’s minimum payment will be less than with most other banks. If you have a 0% APR offer on your Discover card, then your minimum payment will be 2% of your balance, which is way higher than with most banks.
Citi will charge you $25 or 1% of your balance, plus the monthly interest and fees, or 1.5% of your full balance. What this basically means is that in normal cases, your minimum payment will be 1% plus the monthly interest and fees. But if you have a promotion 0% APR offer, then your minimum payment will be 1.5% of your total balance.
To make it simpler, remember this: If you have a 0% APR offer with Citi, then your minimum payment will end up being 1.5%, which is more than most banks. If not, then your minimum payment will be the same as with most banks.
The higher your minimum payment is, obviously, the faster it will take for you to pay off your balance. But you don’t want to make it hard on yourself. With a lower minimum payment, you have the option, on a rainy day, to pay less and still not be smacked with a late fee and/or receive a late mark on your credit report.
Definitely, make it a priority to get your credit card debt down the quickest way possible by trying to pay off the biggest portion of your balance affordable to you each month. Don’t just pay the minimum payment, regardless of what the minimum payment is.
Get the latest credit card insights, finance hacks, and exclusive offers. Sign up and shape your financial future now!
0 Comments