The Amazon Store Card minimum payment is usually either $29 or 1% of your balance, plus fees, past-due amounts, and interest – whichever is higher. If your balance is less than $29, the entire amount is your minimum payment. Note that your minimum payment will be at least $40 if you have missed a payment during the last 6 billing cycles.
Keep in mind that if you recently missed a payment,you may also be charged a late fee of up to $40.
Here are the Amazon Store Card minimum payments:
- Balance less than $29:The minimum payment is the full statement balance. For example, if your statement balance is $12.95, your minimum payment is $12.95, too.
- Balance up to $2,900 (interest + fees included):The minimum payment is $29.
- Balance of more than $2,900 (interest + fees included):The minimum payment is 1% of the statement balance, including any past-due amounts, interest, and late fees.
- Minimum payment for delinquent accounts:If you’ve missed a payment in the last 6 months, your minimum payment will be either $40 or 1% of your balance, plus fees, past-due amounts, and interest – whichever is higher.
If your balance is less than $40, the entire amount is your minimum payment. This will be your minimum payment until you have paid the minimum amount by the due date for 6 consecutive months.
The minimum payment is the smallest amount you’re obligated to pay by the due date for your Amazon Store Card account to be in good standing. Failure to pay by the due date may result in a late fee. Your credit score will also take a hit if you miss multiple minimum payments.
This answer was last updated on 01/12/24 and it was first published on 01/29/20. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
)
