What is 'Current Payment Due' ('amount due') in BoA statement?

[Paranoid]

I decided to set up autopay on all my credit cards (just in case, I always PIF right after the statement). Chase and Citi have just 2 options: minimum payment and statement balance, which is clear.

Trying to set up autopay on BoA confused me. It has 3 options:
* minimum amount due as indicated on e-Bill;
* amount due as shown on e-Bill;

* statement balance as shown on e-Bill.

I looked at e-Bill, there are 3 options:
* New Balance Total (e.g. $425);
* Current Payment Due (e.g. $25);
* Total Minimum Payment Due (e.g. $25).

In case of Chase or Citi everything is clear. But here I am not sure -- what is 'Current Payment Due' ('amount due')?

For example the statement balance in January bill was $1000, I paid $700 and remained $300.

In February I spent $2000 and as I understand the statement balance would be $2300. How much in this case 'Current Payment Due' would be?

[Medic981]

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@Paranoid wrote:

I decided to set up autopay on all my credit cards (just in case, I always PIF right after the statement). Chase and Citi have just 2 options: minimum payment and statement balance, which is clear.

Trying to set up autopay on BoA confused me. It has 3 options:
* minimum amount due as indicated on e-Bill;
* amount due as shown on e-Bill;

* statement balance as shown on e-Bill.

I looked at e-Bill, there are 3 options:
* New Balance Total (e.g. $425);
* Current Payment Due (e.g. $25);
* Total Minimum Payment Due (e.g. $25).

In case of Chase or Citi everything is clear. But here I am not sure -- what is 'Current Payment Due' ('amount due')?

For example the statement balance in January bill was $1000, I paid $700 and remained $300.

In February I spent $2000 and as I understand the statement balance would be $2300. How much in this case 'Current Payment Due' would be?

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Current payment due is your minimum payment expected to keep your account current. If you are setting up auto payment to ensure that you never miss a payment, current payment due is what you want to set. If you want to PIF then statement balance is what you want to set as payment.

[Paranoid]

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@Medic981 wrote: 

Current payment due is your minimum payment expected to keep your account current. If you are setting up auto payment to ensure that you never miss a payment, current payment due is what you want to set.

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In this case what is the different between 'current payment due' and 'minimum payment due'?

[Anonymous]

Current Payment Due would be the Minimum Payment Due plus late fees, amount over limit, etc. if any, and less any payments already made.

So, if your minimum payment due is $25 and you make a payment of at least that, the current payment due will then change to $0.

[Paranoid]

LowLimits, thank you! That makes sense.

[Anonymous]

I was just wondering about this myself and had  a look at my BofA credit card aggreement:

Current Payment  Due:    1% of balance + interest + fees  (at least $25, but not more than balance).

Total  Minimum Payment Due:  Current Payment Due + Past due amounts  (but not more than balance)

So the  Current Payment Due  and Total Payment Due will be the same, unless you did  not pay  the    previous  "Total Minimum Payment Due".

To keep your account  in good standing, you need to pay   at least the "Total Minimum Payment Due"   each month.