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By boka
On 07/06/01
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How do I find out what the minimum payment will be on a credit card I apply for? I don't want one of those credit cards where you have to pay your full balance at the end of every month.
Is the Bank of America, Visa Classic card the kind of card that you can just pay a minimum payment and not the full balance? How do I find out what the minimum payment will be?
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By The_Insider
On 07/07/01
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The information on the minimum payment calculation must be in the terms of the card by law. The most common terms are 3% of the balance or $15, whichever is greater. It's always the best policy to read the terms very carefully before you apply for any credit card to be sure you are fully informed.
Hope this helps,
The_Insider
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your questions are answered by the gromco team and card users like you
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