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Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
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Minimum Payment on Chase Slate

Does anyone know what the minimum payment on Chase Slate is?

 

I heard Chase raised some of their credit card account to 5% back in 2010. What about now for the Chase Slate. What percentage do customer generally have to pay for their minimum?

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Regular Contributor
Posts: 148
Registered: ‎09-26-2011
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Re: Minimum Payment on Chase Slate

I believe minimun payment is base of your stated income. Might be wrong.

Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
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Re: Minimum Payment on Chase Slate

So if somebody has a low stated income and high limit their minimum payment will be low?

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Senior Contributor
Posts: 6,260
Registered: ‎08-16-2012
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Re: Minimum Payment on Chase Slate

I think it's the greater of:
$25;
Or;
1% of your bal plus all interest charges.

Pretty sure the cardmember agreement says that :-P
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Senior Contributor
Posts: 6,260
Registered: ‎08-16-2012
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Re: Minimum Payment on Chase Slate

It's not based on income.
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Senior Contributor
Posts: 6,260
Registered: ‎08-16-2012
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Re: Minimum Payment on Chase Slate

If creditors based bills on income, we wouldnt need to worry about credit. You pay for what you borrow lol
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
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Re: Minimum Payment on Chase Slate

It is for my mom's account. She would have no clue where to look and is in a different state so I can't look for her. I didn't know if card agreements varied in this regard or not.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Senior Contributor
Posts: 6,260
Registered: ‎08-16-2012
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Re: Minimum Payment on Chase Slate

I think they are all the same. What's her bal and apr? I can calc the pmt for you. Lol
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
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Re: Minimum Payment on Chase Slate

[ Edited ]

youngandcreditwrthy wrote:
I think they are all the same. What's her bal and apr? I can calc the pmt for you. Lol

$4,000 0% until 01/14 then 16.99 APR

 

 Although, I won't let her make the minimum payment.

 

I think if she pays $100 per month, it will be paid in September of 2016 with a total interest cost around $600.

 

I might find her another balance transfer after this one expires.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Senior Contributor
Posts: 6,260
Registered: ‎08-16-2012
0

Re: Minimum Payment on Chase Slate

The min should be like $40 then.
The CARD Act raised min pmts in general to $25 at least typically
But recently most card companies changed how they calc the min pmt... So that you always at least pay 1% of the bal. So instead of the usual 2-5% they used to charge, now it's lower, which is bad. Haha
Make sure she pays more than that!!!!
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
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