Why does my credit card say no minimum payment due?

Your credit card likely says “no minimum payment due” because the statement balance was paid in full by the most recent due date or there was no account activity during the billing period. As long as the statement balance is paid by the due date, there will be no payment due until the next billing period ends.

Key Things to Know About Credit Cards With No Minimum Payment Due

• If your statement balance is $0, that means there is no minimum payment due.
• If there’s no minimum payment due, but there’s a current balance on your account, it means those charges were made after the end of the last billing period and will be listed on the next statement.
• To avoid having a minimum payment due every month, you should pay off the entire statement balance by the payment due date and stop making purchases on the account.

It’s worth noting that if you pay your balance in full before the due date, you may not see a $0 balance on your credit report right away. That’s because your credit report reflects the balance on your account when the issuer reports your information to the credit bureaus, which is typically at the end of the billing period, not on the date you paid the bill.

If you want a $0 balance reported to the credit bureaus, pay your statement balance in full before the statement closing date and don’t make any purchases for the rest of the billing period.