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How Minimum Payment Is Calculated by Credit Card Issuers
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If your finances are strained, you may be unable to pay more than the minimum payment on your credit card balance.
But if you regularly pay the minimum, you might notice that the minimum payment fluctuates from one month to the next. If this is the case, your card issuer might calculate your minimum payment based on your balance.
However, different card issuers calculate minimum payments differently — and the same card issuer might calculate minimum payments differently depending on your balance.
To understand how credit card issuers calculate
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