The Credit One minimum payment is 5% of your balance. So in order to avoid incurring a late fee, pay at least the minimum. It's always best to pay your credit card bill in full, because you will not have to worry about interest and your credit utilization will stay low. That will vastly improve your credit score.
Depending on much you owe on your credit card balance, it may be as low as $25.00 per month.
That's one way for credit lenders to make most of their money. You can choose to PAY YOUR BALANCES IN FULL so you don't get charged COMPOUND INTEREST which is interest on top of interest.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.