How Does Discover Calculate Minimum Payment

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A minimum payment is usually calculated based on your monthly card balance including any fees and interest charges Two methods of calculating The minimum payment on your credit card is typically calculated as either a flat percentage of your card balance or a percentage plus the cost ...

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How Does Discover Calculate Minimum PaymentOn some cards, issuers use a flat percentage — typically 2% — of your statement balance to determine your minimum. If your balance (including ... The Discover minimum payment depends on both the type of your credit card as well as your credit score If you have a secured credit card