The minimum payment is the lowest amount you must pay each month to avoid a late or missed payment fee. It includes any interest for the month, plus any fees if you missed a payment.
The minimum payment isn't a fixed amount: it's a percentage of the balance. As the balance goes down, so does the minimum payment.
By only making your minimum payment, you'll take much longer to clear your balance. That's because it's the lowest amount you can pay.
The quicker you clear your balance, the less it costs in interest. So always try to pay more than the minimum payment.
For more information, see your terms and conditions.