What is the Wells Fargo credit card minimum payment?

The Wells Fargo credit card grace period is at least 25 days, lasting from the end of the billing cycle until the payment due date. This means cardholders have at least 25 days from the moment their monthly statement closes until the due date to pay their credit card bill. As long as you pay in full during this period, you will owe no interest on your monthly purchases.… read full answer

What you should know about the Wells Fargo credit card grace period:

• Keep in mind that you are not required to pay the entire balance by the due date. But if you decide to pay less than the full amount due, you will lose the grace period.
• If you lose your grace period, the remaining balance and any new purchases on your Wells Fargo credit card will start to accrue interest that compounds daily.
• To get a credit card grace period back, you will need to pay the statement balance in full for two consecutive months.

It’s also important to note that grace periods do not apply to cash advances and balance transfers.

The Wells Fargo Reflect Card minimum payment is $25 or 1% of the statement balance, plus fees, past-due amounts, and interest – whichever is higher. If the statement balance is less than $25, the Wells Fargo Reflect Card minimum payment will be equal to the balance. In addition, if you recently missed a payment or exceeded your credit limit, Wells Fargo may add a late fee or the overlimit amount to your minimum payment.… read full answer

The minimum payment is the smallest amount you’re obligated to pay by the due date for your Wells Fargo Reflect 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.

The Wells Fargo credit card late fee is up to $40 on all cards. This fee applies when a cardholder does not make at least their minimum payment by the due date. Both the minimum payment and due date are listed on all Wells Fargo credit card billing statements.

Wells Fargo also charges up to $40 for returned checks or returned payments (meaning there are insufficient funds in the account), but there’s no penalty APR after late payments.… read full answer

How to Avoid Paying a Wells Fargo Credit Card Late Fee

Wells Fargo offers a grace period of at least 25 days between the day your statement closes and your due date. As long as you pay at least the minimum during this period, you will avoid late fees. However, if you don’t pay in full, you will start accruing interest and lose your grace period. To get your grace period back, you have to make up the previous billing cycle’s pending balance and pay the next billing cycle’s balance in full.

If you miss your payment and get charged a late fee, you could always try calling to ask if Wells Fargo will waive the fee. Your chances of this will be better if you have a consistent history of timely payments.