Maria Adams, Credit Cards Moderator
@m_adams
The Wells Fargo credit card minimum payment is either $25 or 1% of your new balance, plus interest and fees, whichever is greater. If your entire account balance is less than $25, then your balance amount is the minimum payment. Note that any past-due amounts will also be added to the minimum payment.
What you should know before making a Wells Fargo credit card payment:
- You must make your Wells Fargo credit card minimum payment every month by the due date listed on your statement.
- Failure to pay on time will result in a late fee, and can lead to credit score damage if you’re more than 30 days late.
- Paying more than the minimum payment each month will reduce your interest charges. Better yet, avoid interest charges altogether by paying the balance in full, if possible.
- If you choose to carry a balance on your Wells Fargo credit card, you will start to owe interest daily and you will lose your grace period on new purchases. That means future purchases will begin to accrue interest immediately.
To see your Wells Fargo credit card minimum payment, check your monthly statement from your online account.
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