What is the minimum payment amount for my credit card?
At Associated Bank Credit Card Center, the minimum payment amount for your credit card is determined by a few factors. These include the outstanding balance on your card, any interest or fees accrued, and the terms of your credit card agreement. We recommend referring to your monthly statement for the exact minimum payment due. Typically, this amount is calculated as a percentage of your total balance. It is important to note that making only the minimum payment prolongs the time it takes to pay off your balance and increases the overall interest you pay. We encourage our customers to pay more than the minimum whenever possible to reduce both the payment period and interest charges.
Answered Nov 1, 2023
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