2007-10-17 12:14:45 · 4 answers · asked by jones1512 2 in Business & Finance ➔ Personal Finance
On my WaMu card, the minimum payment is 2% of the balance.
2007-10-17 23:37:43 · answer #1 · answered by likepepsi 7 · 0⤊ 0⤋
Most credit cards required 2% to money you owe. I think it should be the same. Or you can just call WaMu to find out.
2007-10-17 15:35:37 · answer #2 · answered by Anonymous · 0⤊ 0⤋
By US FEDERAL law, the minimum payment must cover ALL of the following:
1. ALL Late fees, over limit fees, and any other non-interest fees charged by the card issuer.
2. ALL interest charges for the month.
3. A 'reasonable' amount of principle. 1% is "normal" for this part of the minimum.
If that law does not push the minimum above 2%, most card issuers set the floor at 2%. If both the above standards show a minimum of less than $10.00, your minimum payment is probably $10.00. If your balance due is below $10.00, your minimum payment is your balance due.
2007-10-17 14:18:22 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
Have you tried looking at WAMU's web site?
2007-10-17 12:31:05 · answer #4 · answered by Anonymous · 1⤊ 1⤋