The Capital One Platinum minimum payment is either $25 or 1% of the balance, plus interest charges and fees, whichever is greater. Capital One will also add any accumulated interest, past due amounts and late payment fees to your minimum payment.
Here’s what your Capital One Platinum minimum payment will be:
Balance below $25: Minimum payment equals balance
Balance of $25 to $2,500: Minimum payment equals $25
Balance over $2,500+: Minimum payment equals 1% of the balance, plus interest and fees
Lastly, 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 26.99% (V).
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