Your Sears Store Card minimum payment is equal to the balance owed, if it is less than $25. For balances above $25, Citi, the issuer, charges 1% of the balance due for the billing period plus any interest owed.
Cardholders must also pay any past-due or over-limit amounts and any late-payment fees.
You’re obligated to pay at least your minimum payment by the due date for your account to remain in good standing. If you don’t pay at least the minimum payment by the due date, you’ll be charged a late fee of at least $28 ($39 for any additional past due payment during the next six billing cycles after a past due payment).
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