The Chase Freedom minimum payment is $40 or 1% of your revolving balance, plus interest and fees – whichever is greater. If your balance is less than $40, the entire amount is your minimum payment. All Chase credit cardshave the same minimum payment policies.
Your Chase Freedom minimum payment will always be listed on your monthly statement. If you don’t want to wait until then, you can find out what it is by calling Chase customer service at (800) 945-2000.
Here are the Chase Freedom minimum payments:
- Balance below $40:Minimum payment is the full statement balance. For example, if your statement balance is $12.95, your minimum payment is $12.95, too.
- Balance of $40 to $4,000 (interest + fees included): Minimum payment equals $40.
- Balance over $4,000+:Minimum payment equals 1% of the balance, plus interest and fees.
As long as you make Chase Freedom’s minimum payment by the due date each month, your account will remain in good standing. Plus, always paying your monthly minimum on time will help your credit score. But you need to pay your balance in full every month to avoid interest.
This answer was last updated on 03/18/24 and it was first published on 03/13/21. 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.
