How is minimum payment calculated for GXS FlexiCard?
Calculation of minimum payment for your GXS FlexiCard first takes into consideration:
- Your billed outstanding amount due:
- If total billed outstanding amount is less than S$15 - minimum payment will be the same amount.
- If more than or equal to S$15 - minimum payment amount will be S$15.
Once the above is calculated, the below charges (if any) will be added to form the total minimum payment:
2. Overdue principal (if any)
3. Fees accrued eg. flexi fee, late fee, annual fee (if any)
4. Overlimit amount (if any)
Here are two illustrative examples on how minimum payment amount is derived:
