How is my minimum monthly payment calculated?
How is my minimum monthly payment calculated?
To determine your minimum payment due, we add the installment payment due for each outstanding Balance Transfer Plan, plus any amount past due.
To determine your estimated installment payment, we:
- Start with the amount of the balance transfer or the principal amount.
- Calculate estimated interest charges from the date on which you create a Balance Transfer Plan through the end of the Balance Transfer Plan period.
- Add the principal amount from Step 1 to the amount of estimated interest charges from Step 2 and divide this sum by 36. The result is your estimated Installment Payment for the Balance Transfer Plan.
For a detailed explanation of the minimum payment due, click View Statements & Documents under Details & Documents in your Member Center, then open your CleanSweep cardholder agreement.
Additional Payments FAQ
- What is a payment due date?
- What does "payment due" mean?
- Will my automatic payment still be processed if I make a one-time payment?
- How do I make payments on my CleanSweep line of credit?
- Where can I see my original agreement after I initiate a balance transfer?
- How do I set up and cancel autopay for CleanSweep?
- How do I check my monthly payment amount?
- Why is my minimum monthly payment less than what I was told when I initiated the balance transfer?
- Will I get a notification once my payment processes?
- Can I change my payment due date?
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