Paddy Sullivan, WalletHub Credit Card Analyst
@PaddySully
The minimum payment for Chase credit cards is any past-due amount, plus either $40 or 1% of the statement balance plus any interest and fees - whichever is higher. If the statement balance is less than $40, the Chase minimum payment will be equal to the balance. In addition, if you recently missed a payment, Chase may add a late fee to your minimum payment.
The Chase minimum payment is the smallest amount you’re required to pay by the due date to keep your Chase account in good standing. You should keep in mind that failure to pay at least this amount by the due date may result in a late fee. Also, your credit score will also take a hit if you miss multiple minimum payments.
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