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Minimum payments are calculated differently bank by bank. Typically, your minimum payment is the greater of a certain percentage of your balance (1% or 2%) or a flat minimum payment (such as $25 or $35). For smaller balances, you'll probably need to pay the flat payment but larger card...
balance. This minimum is a function of portfolio allocation and the price of individual holdings, which will vary. As of November 20, 2024, investing portfolios require a portfolio minimum balance of $50 in order to be eligible for a rebalancing transaction to occur (which can be the ...
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