Gina Marte, WalletHub Advisor
The Bank of America Travel Rewards for Students minimum payment is $35 or 1% of the statement balance, plus interest, fees and past-due amounts - whichever is greater. If the statement balance is less than $35, the Bank of America Travel Rewards for Students minimum payment will be equal to the balance. In addition, if you recently missed a payment, Bank of America may add a late fee to your minimum payment.
The minimum payment is the smallest amount you’re obligated to pay by the due date for your Bank of America Travel Rewards for Students account to be in good standing. Failure to pay by the due date may result in a late fee. Your credit score will also take a hit if you miss multiple minimum payments.
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