Maria Adams, Credit Cards Moderator
@m_adams
The Discover minimum payment is the greater of $35 or 2% of the full balance plus any past-due amount. If the entire balance is lower than $35, then the balance amount is the minimum payment.
It’s important to always make at least the Discover minimum payment by the monthly due date. Doing so will keep your account in good standing. There’s no fee for the first late payment. After that, there’s a fee of up to $41 per late payment. And you may suffer credit score damage as well.
The Discover minimum payment is the greater of:
- Your entire balance, if it is lower than $35
- $35
- 2% of the new balance (plus past-due amounts, but not fees/interest)
A Discover minimum payment will never be more than your full balance. And you’ll only be required to pay your full balance if it’s $35 or less.
But it’s best to try to pay your balance in full each billing cycle. If you don’t, you will lose your grace period, which means interest will start to accrue on new purchases immediately from the purchase date. Credit card interest is really expensive. And it takes paying in full for two billing cycles in a row to get the grace period back.

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