<prompt> Human: I just opened my first credit card, an AmEx Blue Cash Everyday.In the cardholder agreement, it says the the minimum payment due is the higher of 1 the interest charged on the statement 1 of the new balance, or 2 35.Does that mean that if I dont use my card, I have to pay 35 monthly? That doesnt make sense, but Im not understanding this.  <response>: If you have no balance, your minimum payment is 0. If you have a balance less than X, your minimum payment is the balance. If you have a balance greater than X, minimum payment is A or typically 2 of X, whichever is greater.Heres an example of how this would actually work. Suppose I have American Expresss Reddit Upvote card. My balance is 0. My minimum payment on my statement will be 0. My balance is 20. 2 of 200 is 4. However, the cardmember agreement stipulates that the minimum payment for a balance is the entire balance if my balance is 35. So my minimum payment happens to be 20, which is the entire balance. My balance is 1200. 2 of 1200 is 24. However, since my balance is 35, my minimum payment is the greater of 2 of the balance 1200: so 24, or 35. Since 35 is greater, that is my minimum payment required. If I pay the minimum payment only for the balance, and not charge any other purchases to the card, the card will be paid off many years from now probably 3 to 4 years, and Ill pay interest on it the entire time which is added to the balance. Regardless, pay balance in full as others recommend. The minimum payment is set to a low enough percentage of a balance to encourage you to pay as much interest as possible if you only pay the minimum payment. 