The Capital One Platinum minimum payment is either $25 or 1% of the balance, plus interest charges and fees, whichever is greater. If your balance is less than $25, the entire amount is your minimum payment. Capital One will also add any accumulated interest, past due amounts, and late payment fees to your minimum payment.
Here’s how the Capital One Platinum minimum payment is calculated:
Balance below $25: The minimum payment is the full statement balance
Balance of $25 to $2,500: The minimum payment equals $25
Balance over $2,500: The minimum payment equals 1% of the balance, plus interest and fees
It is worth noting that you don’t have to pay your full balance by the due date, but you do have to pay at least the minimum required. Whatever you don’t pay will carry over into the next billing cycle, incurring interest on a daily basis. Capital One Platinum charges a regular APR of 29.99% (V).
The Capital One minimum payment for most credit cards is either $25 or 1% of your statement balance plus any interest and late fees, whichever is greater. If your balance is less than $25, the entire amount is your minimum payment. Note that the minimum payment amount for business and co-branded credit cards varies by card.
A minimum payment is the least amount you can pay by the due date to keep your account in...
The easiest way you can pay your Capital One Platinum card is either online or by calling the number you see on the back of your card. Alternatively, you can make a payment in person at a Capital One branch, or by mail.
How to Pay Your Capital One Platinum Bill
Online: Log in to your account online or through the Capital One mobile app. Then, go to the “Accounts Summary” page and click on the Capital One Platinum, followed by...
The Capital One grace period lasts at least 25 days. It is the time between the close of a billing cycle and when your bill is due. You won’t be charged interest during the grace period if you pay your balance in full by the due date every month. Grace periods aren’t permanent, though. You will lose your Capital One grace period if you don’t pay your bill in full one month. As a result, purchases...
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