What is the Wells Fargo credit card minimum payment?

The Wells Fargo credit card minimum payment is either $25 or 1% of your new balance plus the entire amount of any fees and interest charged during the billing period, whichever is greater. If your entire account balance is less than $25, then your minimum payment is that balance. After Wells Fargo determines which of these options applies to you, they will then add any past due amounts you have on top of that.

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. But while paying the minimum is good, paying in full is even better. 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, meaning that they will begin to accrue interest immediately as well.