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What is the minimum payment?

minimum payment
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What is the minimum payment?

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You’ll be paid once your earnings passes the $100 limit if your payment status is not set to on hold.

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This amount will appear on your monthly Visa Business statement in the box marked “Minimum Payment”. It will be the greater of $10 or 3% of the total new balance owing. If your total new balance is less than $10, you need pay only that balance owing. This Minimum Payment may also include any past due amounts and any portion of the total new balance owing that is more than your credit limit. The minimum payments required vary for each RBC Centura Visa Business card and depend on other factors such as your personal credit limit. If you choose not to pay the full balance owing on your RBC Centura Visa Business card, you must pay at least the Minimum Payment due each month to maintain a good credit rating.

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This amount will appear on your monthly Visa statement in the box marked “Minimum Payment”. It will normally be $10 plus the Interest and the Fees, as shown on the Calculating Your Balance section of your Visa statement. If your New Balance is less than $10 or less than the calculated Minimum Payment, you must pay the New Balance. This Minimum Payment may also include any past due amounts and any portion of the total new balance owing that is more than your credit limit. The minimum payments required vary for each RBC Royal Bank Visa card and depend on other factors such as your personal credit limit. If you choose not to pay the full balance owing on your RBC Royal Bank Visa card, you must pay at least the Minimum Payment due each month to maintain a good credit rating. For more details, please click here.

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This amount will appear on your monthly Visa statement in the box marked “Minimum Payment”. It will normally be $10 plus the Interest and the Fees, as shown on the Calculating Your Balance section of your Visa statement. If your New Balance is less than $10 or less than the calculated Minimum Payment, you must pay the New Balance. This Minimum Payment may also include any past due amounts and any portion of the total new balance owing that is more than your credit limit. The minimum payments required vary for each RBC Royal Bank Visa card and depend on other factors such as your personal credit limit. If you choose not to pay the full balance owing on your RBC Royal Bank Visa card, you must pay at least the Minimum Payment due each month to maintain a good credit rating. Learn more about minimum payment.

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