How are my monthly payments calculated for outstanding balances on my Credit RIGHT line?
The minimum monthly payment which must be paid each month in which there is an outstanding balance is calculated by determining the greater of $10 or 5% of the Account Balance owed immediately following any purchase(s) made to your Account. THE MINIMUM MONTHLY PAYMENT DOES NOT AUTOMATICALLY REDUCE AS YOUR ACCOUNT BALANCE REDUCES. Should your new balance be less than $10, the payment due will be the amount of the new Balance.
