How is the minimum monthly amount on a credit card... - Limited/Bad/Fair Credit Questions

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Credit Card Applications » Questions » User Questions » Limited/Bad/Fair Credit » How is the minimum monthly amount on a credit card given?

How is the minimum monthly amount on a credit card given?

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This minimum monthly amount is mostly dependent on the amount one owes the bank or the credit amount, and not on the rate of interest however it is seen that there is a 2% interest rate charged on the remaining amount.

All credit cards terms, fees and rates mentioned in this article/post are actual on the posting date. See the current products’ Terms & Conditions on the issuing banks' websites.
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