John Miller, Credit Cards Moderator
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The Prosper® Card minimum payment is $30 or 1% of the statement balance plus fees, past due amounts, interest and overlimit amounts - whichever is higher. If the statement balance is less than $30, then the minimum payment will be equal to the balance. In addition, if you recently missed a payment, Prosper 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 Prosper® 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.
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