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How billing cycles work?

Salmon Credit operates on monthly cycles, each ending on a specific date assigned to your account. The number of cycles is unlimited.

  1. At the end of each cycle, you will be informed of your minimum payment due.
  2. You must pay at least this minimum amount by the due date to avoid late payment fees.
  3. You can pay more than the minimum—or even the total Outstanding Balance—at anytime.
  4. This minimum amount is the lowest amount required to keep your credit line active and ensures coverage for your credit usage.

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