The Fit Mastercard minimum payment is $35 or 4% of the statement balance, plus fees, past-due amounts, and interest – whichever is higher. If the statement balance is less than $35, the Fit Mastercard minimum payment will be equal to the balance. In addition, if you recently missed a payment, The Bank of Missouri 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 Fit Mastercard 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.
By phone: Call (800) 518-6142 and follow the automated prompts to make a payment.
By mail: You can make a Fit Mastercard payment via mail by sending a check or money order (but not cash) to: FIT Card P.O. Box 6812 Carol Stream, IL 60197-6812
Ultimately, it is worth noting that the issuer allows Fit Mastercard members to set up automatic payments, as well.
Your credit card likely says “no minimum payment due” because the statement balance was paid in full by the most recent due date or there was no account activity during the billing period. As long as the statement balance is paid by the due date, there will be no payment due until the next billing period ends.... read full answer
Key Things to Know About Credit Cards With No Minimum Payment Due
If your statement balance is $0, that means there is no minimum payment due.
If there’s no minimum payment due, but there’s a current balance on your account, it means those charges were made after the end of the last billing period and will be listed on the next statement.
To avoid having a minimum payment due every month, you should pay off the entire statement balance by the payment due date and stop making purchases on the account.
It’s worth noting that if you pay your balance in full before the due date, you may not see a $0 balance on your credit report right away. That’s because your credit report reflects the balance on your account when the issuer reports your information to the credit bureaus, which is typically at the end of the billing period, not on the date you paid the bill.
If you want a $0 balance reported to the credit bureaus, pay your statement balance in full before the statement closing date and don’t make any purchases for the rest of the billing period.
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