Typically, you will need to pay the full amount in order to avoid interest, but only a specific “minimum” amount by your due date to avoid being classified as late. Most cards charge a minimum payment of around 3% of the outstanding balance (but your payment typically cannot be less than $10 – $25). You will find the specifics for your account in your monthly statement.
With that being said, certain promotional financing offers that are available with the Amazon.com Store Credit Card require equal monthly payments over the proscribed timeframe. For instance, if you purchased a $350 item under the 12-month equal-pay 0% offer, you would need to pay roughly $30 per month. You should therefore make sure to carefully read the terms associated with any special financing arrangement you’re part of.
For more information, check out our articles on paying credit card bills ( http://wallethub.com/edu/paying-credit-card-bills/25558/ ) and how credit card interest works ( http://wallethub.com/edu/how-credit-card-interest-works/25789/ ). Hope this helps. Best of luck!
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