Common use of MINIMUM MONTHLY PAYMENT Clause in Contracts

MINIMUM MONTHLY PAYMENT. You agree that you will pay each month no less than the Minimum Monthly Payment on or before the scheduled monthly due date. Minimum Monthly Payments include all amounts past due and the minimum regular payment. The minimum regular payment will be 3% of your Total New Balance, or $25.00, whichever is greater. If your balance is $25.00 or less, you agree to pay your balance in full. Every month you must pay the Minimum Payment within twenty- five (25) days of your statement closing date. You may pay in full for all your purchases and cash advance each month, or you may repay in monthly installments. We can accept late payments or partial payments, or checks, drafts, and money orders marked “payment in full,” without prejudice to our rights under this Agreement, which are hereby explicitly reserved. Payments will be applied first to previously billed and unpaid Interest Charges, previously billed and unpaid purchases and cash advances, and the remainder, if any, to any new purchases or other fees or charges.

Appears in 2 contracts

Sources: Visa Credit Card Account Agreement, Visa Credit Card Account Agreement

MINIMUM MONTHLY PAYMENT. You agree that you will pay each month no not less than the Minimum Monthly Payment on or before the scheduled monthly due date. Minimum Monthly Payments include all amounts past due due, late charges, any balance over the limit, and the minimum regular payment. The minimum regular payment will be 3equal to 2% of your Total New Balancethe outstanding balance, or $25.0010, whichever is greater. If your outstanding balance is $25.00 10 or less, you agree to pay your balance in fullthe entire balance. Every month you must pay the Minimum Payment within twenty- five (25) days of by the due date shown on your statement closing datestatement. You may pay in full for all your purchases and cash advance advances each month, or you may repay in monthly installments. We can accept late payments or partial payments, or checks, drafts, and money orders marked “payment in full,” without prejudice to our rights under this Agreement, which are hereby explicitly reserved. Payments To the extent permitted by law, payments will be applied first to fees or charges, then to previously billed and unpaid Interest ChargesFINANCE CHARGES, previously billed and unpaid purchases and cash advances, and the remainder, if any, to any new purchases or other fees or chargespurchases.

Appears in 2 contracts

Sources: Visa Classic Credit Card Account Agreement, Visa Classic Credit Card Account Agreement

MINIMUM MONTHLY PAYMENT. You agree that you will pay each month no not less than the Minimum Monthly Payment on or before the scheduled monthly due date. Minimum Monthly Payments include all amounts past due due, late charges, any balance over the limit, and the minimum regular payment. The minimum regular payment will be equal to 3% of your Total New Balancethe outstanding balance, or $25.0025, whichever is greater. If your outstanding balance is $25.00 25 or less, you agree to pay your balance in fullthe entire balance. Every month you must pay the Minimum Payment within twenty- five (25) days of by the due date shown on your statement closing datestatement. You may pay in full for all your purchases and cash advance advances each month, or you may repay in monthly installments. We can accept late payments or partial payments, or checks, drafts, and money orders marked “payment in full,” without prejudice to our rights under this Agreement, which are hereby explicitly reserved. Payments To the extent permitted by law, payments will be applied first to fees or charges, then to previously billed and unpaid Interest ChargesFINANCE CHARGES, previously billed and unpaid purchases and cash advances, and the remainder, if any, to any new purchases or other fees or chargespurchases.

Appears in 1 contract

Sources: Visa Classic Credit Card Account Agreement