Paddy Sullivan, WalletHub Credit Card Advisor
@PaddySully
Your Chase credit card minimum payment is either $40 or 1% of your statement balance, plus any interest and late fees – whichever is greater. If your balance is less than $40, the entire amount is your minimum payment.
A minimum payment is the lowest amount you are obligated to pay each billing cycle in order to keep your account in good standing. If you don’t make at least your minimum payment by the due date, you’ll be charged a late fee of up to $40. Also, if you fall two minimum payments behind, it may hurt your credit score.
Here are the Chase credit card minimum payments:
- Balance below $40: Minimum payment is the full statement balance. For example, if your statement balance is $12.95, your minimum payment is $12.95, too.
- Balance up to $4,000 (interest + fees included): Minimum payment is $40.
- Balance over $4,000 (interest + fees included): Minimum payment is 1% of the statement balance, including any past-due amounts, interest, and late fees.
You can see your Chase credit card minimum payment in your monthly statement or online account. Plus, the formula Chase uses to calculate the minimum payment due is listed under the rates and fees table on your cardmember agreement. Chase uses the same minimum payment calculations for all of its credit cards.
Making your Chase credit card minimum payment on time every month keeps your account in good standing. But if you want to avoid paying interest and accumulating debt, you’ll need to pay off your entire balance each month.

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