How much is my Chase credit card minimum payment? This question is about Chase Credit Cards

The 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 can pay each billing cycle for your account to remain in good standing. If you don’t make at least your minimum payment by the due date, you’ll be charged a late fee up to $40. And if you fall two minimum payments behind, it will hurt your credit score. Here are the Chase credit card minimum payments: Balance less than $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 of more than $4,000 (interest + fees included): Minimum payment is 1% of the statement balance, including any past-due amounts, interest and late fees. Your Chase credit card minimum payment will always be included in your monthly statement. It’s also available when you log in to your 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 getting into debt, you’ll need to pay off your entire balance each month.

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How much is my Chase credit card minimum payment?

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This question is about Chase Credit Cards

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Paddy Sullivan, WalletHub Credit Card Advisor

@PaddySully • 05/06/22 This answer was first published on 11/17/18 and it was last updated on 05/06/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The 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 can pay each billing cycle for your account to remain in good standing. If you don’t make at least your minimum payment by the due date, you’ll be charged a late fee up to $40. And if you fall two minimum payments behind, it will hurt your credit score.

Here are the Chase credit card minimum payments:

Balance less than $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 of more than $4,000 (interest + fees included): Minimum payment is 1% of the statement balance, including any past-due amounts, interest and late fees.

Your Chase credit card minimum payment will always be included in your monthly statement. It’s also available when you log in to your 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 getting into debt, you’ll need to pay off your entire balance each month.

Answer Question

How much is the Chase Freedom Unlimited minimum payment?

The Chase Freedom Unlimited minimum payment is $40 or 1% of your revolving balance, plus interest and fees, whichever is greater. If your balance is less than $40, your Chase Freedom Unlimited minimum payment equals the amount you owe.

Chase Freedom Unlimited Minimum Payment Details

You can quickly consult the specifics on your monthly statement or by logging in to your Chase Freedom Unlimited ... read full answer online account.

If you don't make at least your minimum payment by the due date, you'll be charged a late fee up to $29. If you incur another late payment within six billing periods, you'll be charged a late fee of up to $40.

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How much is the Chase Sapphire Preferred minimum payment?

The Chase Sapphire Preferred minimum payment is $35 or 1% of your new balance including any late fees and interest charges, whichever is higher. If the balance is less than $35, that amount is the minimum payment.

The minimum payment is the lowest amount you agreed to pay when you opened your Chase Sapphire Preferred account. If you fail to make at least the minimum payment each month, you’ll be charged a late fee starting at $28. If you continuously miss making the minimum payment, you’ll face not only higher late fees, but also damage to your credit score.... read full answer

The Chase Sapphire Preferred minimum payment will always appear on your monthly statement and in your online account details. And by law, Chase must include a chart on your monthly statement detailing how long it would take to pay off your entire balance by making just the minimum payment. That’s assuming you don’t charge anything else to your Sapphire Preferred card during that timeframe.

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What is the Chase Freedom minimum payment?

The Chase Freedom minimum payment is $40 or 1% of your revolving balance, plus interest and fees – whichever is greater. If your balance is less than $40, the entire amount is your minimum payment. All Chase credit cards have the same minimum payment policies.

Your Chase Freedom minimum payment will always be listed on your monthly statement. If you don’t want to wait until then, you can find out what it is by calling Chase customer service at ... read full answer (800) 945-2000.

Here are the Chase Freedom 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 of $40 to $4,000 (interest + fees included): Minimum payment equals $40.

Balance over $4,000+: Minimum payment equals 1% of the balance, plus interest and fees.

As long as you make Chase Freedom’s minimum payment by the due date each month, your account will remain in good standing. Plus, always paying your monthly minimum on time will help your credit score. But you need to pay your balance in full every month to avoid interest.

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