Your monthly payment for your Upgrade Card with a personal credit line will be calculated based on the amounts drawn and terms selected. You may log into your Upgrade dashboard at the end of the month to see your payment schedule for a draw, or draws taken, that month.
Your minimum monthly payment for each draw, or group of draws, taken within a single billing cycle with like rates and terms will be at least $5.00. If you owe less than $5.00 for any given draw, or group of draws, then your minimum monthly payment for that draw, or group of draws, will be the total outstanding balance. For example, if your minimum monthly payment is calculated to be $3.50, the minimal payment you must pay will be $5.00. Your total monthly payment will be reflected on your monthly statement and will reflect all prior activity (other groups of draws taken on your account), and may be higher than $5.00.