Check your credit card statement for the minimum payment amount
Identify the balance shown on the statement
Find the minimum payment rule in your card agreement
Use the greater of the fixed minimum amount or the percentage of the balance
Add any interest charged for the billing period
Add any fees due, such as late fees or over-limit fees
Compare the result to the card’s stated minimum floor amount
If your card uses a percentage formula, multiply the balance by that percentage
If your card uses a flat minimum, use that fixed amount unless the balance is smaller
If your card requires both a percentage and interest/fees, add them together
Round to the nearest cent if needed
Verify the final amount against the statement minimum payment due