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BMO CashBack Mastercard Credit Card Review - Watch Before you ApplyMinimum payment. 2% or $ Your minimum payment will be the greater of 2% of the outstanding balance shown on your account statement, or $ You must pay the. The minimum payment is the smallest amount you can pay towards your credit card statement balance without incurring penalties. But, should you be paying. shown on your account statement, you must pay at least the minimum payment. To calculate your minimum payment, we add $10 to the amount of interest and fees.
