The Credit One Platinum credit card minimum payment is $25 or 5% of the statement balance, plus fees, past-due amounts, and interest – whichever is higher. If the statement balance is less than $25, the Credit One Platinum credit card minimum payment will be equal to the balance. In addition, if you recently missed a payment, Credit One Bank may add a late fee to your minimum payment.
The minimum payment is the smallest amount you’re obligated to pay by the due date for your Credit One Platinum card account to be in good standing. Failure to pay by the due date may result in a late fee. Your credit score will also take a hit if you miss multiple minimum payments.
Your Credit One Platinum minimum payment is 5% of the balance. That's higher than the average 1%-3% most credit cards charge.
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