How much is the Discover it Cash Back minimum payment? This question is about the Discover it® Cash Back

How much is the Discover it Cash Back minimum payment?

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This question is about the Discover it® Cash Back

Sydney Garth, Credit Cards Moderator

@sydneygarth • 04/19/21 This answer was first published on 04/19/21. 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 Discover it Cash Back minimum payment is any past-due amount plus $35, $20 plus any interest and fees, or 2% of the statement balance – whichever is higher. If the statement balance is less than $35, the Discover it Cash Back minimum payment will be equal to the balance. In addition, if you recently missed a payment or exceeded your credit limit, Discover may add a late fee or the overlimit amount to your minimum payment.

The minimum payment is the smallest amount you’re obligated to pay by the due date for your Discover it Cash Back 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.

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