Let's say this month I spent $50 with the card. The statement comes at the end of the month with a $50 balance and a $30 minimum payment required. Let's say I redeem my rewards on the card, which brings my $50 balance to $0.

You would think that now that the balance is $0, I wouldn't have to make any payment; but if you look at the fine print, most credit cards warn you that "rewards redeemed as a statement credit are not considered a payment".

So, do I still have to make a minimum payment even though that would bring my balance down to negative dollars?

  • 2
    Does your credit card's fine print state that "rewards redeemed as a statement credit are not considered a payment"? If so, that answers your question.
    – Ben Miller
    Jul 19, 2015 at 4:33
  • It could also be argued that OP's agreement sets out the minimum payment in such a way that if your balance is zero, the minimum payment is zero. On the other hand, if OP had paid off the amount of the minimum payment with the rewards, he/she would still owe the 5% or whatever of the outstanding balance. Dec 29, 2019 at 10:49
  • Definitely a case for calling them. Dec 29, 2019 at 10:49

1 Answer 1


If the statement says a minimum payment is due, i'd assume you need to make that payment... just to be on the safe side. If you want to do something else, contact your issuing bank and ask about the rules for your card -- policies may vary from account to account even within a single bank.

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