The Bank of America Cash Rewards minimum payment is $25 or 1% of your balance plus interest and late fees, whichever is more. But if your total balance is less than $25, your Bank of America minimum payment is the entire amount.
The easiest way to check your Bank of America Cash Rewards minimum payment is online or on your phone or tablet. Download the Bank of America mobile app, log in using your online banking user ID and passcode and view your account balance through the app.
As long as you can afford to, you should always pay more than your Bank of America Cash Rewards minimum payment. Carrying any balance between billing periods leads to interest, which continues to build up on a daily basis.
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