2006-11-14 06:30:24 · 18 answers · asked by dougyfrsh 1 in Business & Finance ➔ Credit
As long as you pay the company $50 before the due date for that billing period, you've made the payment. If it's due Nov 30 and you give them $25 from your paycheck Nov 9 and $25 more on the 15th, you've made the payment.
2006-11-14 06:33:15 · answer #1 · answered by Abcdefg 3 · 0⤊ 0⤋
It counts as long as both $25 payments reach the credit card account holder before the due date. If you make a payment that is not at least the minimum due, the credit card company can charge you a late fee as well as increase your interest rate.
2006-11-14 14:33:13 · answer #2 · answered by Maggie67 3 · 0⤊ 0⤋
It depends on a number of things... first if you pay the total of the minimum $50.00 within the "billing cycle" then you should be fine. However, even one day (day of payment posting), can get you into some serious late fee/interest trouble.... So I would find out when the billing cycle is for your card and ask customer service what the penalties are.
2006-11-14 14:35:46 · answer #3 · answered by Jaymers 2 · 0⤊ 0⤋
as long as you get the payments in before your cycle date starts agian. if you're not sure when taht is, just call the # on the back of your card and ask when your cycle date is. if you pay less than the minimum then you run the risk of getting a past due fee. usually those past due fees are more than what people are paying so it's like it's not really doing anything for them if they pay less than the minmum. but yeah gve them a call and see when your cycle date is.
2006-11-14 14:39:34 · answer #4 · answered by Starry Eyes 5 · 0⤊ 0⤋
Credit companies don't care how many payments you make. They just want the entire amount when due. So, you're fine with two different payments towards that $50.
2006-11-14 14:31:50 · answer #5 · answered by Holly W 4 · 0⤊ 0⤋
As long as you make both payments before your cycle date then you are ok. Just make sure that you don't pay 50 twice within one cycle, it doesn't pay the next bill.
2006-11-14 14:41:15 · answer #6 · answered by boopster1979 2 · 0⤊ 0⤋
When you have a minimum you have to pay in full at once or its considered late after the due date. The minimum tells you the lest amount you can pay on your card without being charged extra fees.
2006-11-14 14:36:11 · answer #7 · answered by anna_tweet 1 · 0⤊ 1⤋
That's fine as long as both payments reach them before the due date. Otherwise no. You will be charged a late payment fee.
2006-11-14 14:32:10 · answer #8 · answered by Anonymous · 1⤊ 0⤋
You can break the payment up however you want as long as the total amount due is received by the company by your due date. Otherwise you will be considered late and be charged a late fee.
2006-11-14 14:31:59 · answer #9 · answered by E B 5 · 1⤊ 0⤋
you can make two separate payments of 25 as long as they are payed before the due date
2006-11-14 14:31:56 · answer #10 · answered by jessyhotncool1224 2 · 0⤊ 0⤋