Partial payment of the invoice: what is it and how does it work?

Often, when your credit card bill comes due, you don't have the full amount to pay it. Or, you need to free up some of your credit so you can use your card more.

These are the times when you should make a partial payment. This option allows you to pay only part of the invoice.

But do you know how partial bill payment works and how to do it? Read our article for all the information.

What is partial invoice payment?

Partial payment of your credit card bill occurs when, instead of paying the full amount of your bill, you pay only a part of the amount, above the minimum payment.

There are two very common situations where this type of payment occurs:

• With the invoice overdue: in this case, you make a partial payment of the invoice and the remaining amount goes into revolving credit.
• With an unpaid invoice: In this case, you pay a portion of the amount so that the amount can be released as credit on your card. This payment is usually made when you need to make a purchase and don't have the available credit limit.

What is partial invoice payment for?

Partial invoice payment can be used for a variety of reasons, depending on your reason for making the payment. Here are some benefits of making this type of payment:

• If you have overdue bills, you can pay an amount that is within your means and then organize your finances to pay the remainder.
• For outstanding invoices, you can make a partial payment to obtain credit and then make new purchases.
• It's a way to help you organize your finances.
• It's a way to have more credit on your card.

Therefore, this can be a good option, especially if the bill is due and you don't have the full amount, as this way you won't miss the payment and your card limit won't be blocked.

The advantage, in this case, is that you won't have problems like your card being blocked when making purchases. Remember, the remaining amount goes into the revolving credit and must be paid on your next bill.

And, if you have bills coming due, it's the fastest way to free up credit for any new purchases you need to make.

It's advantageous when you need extra credit and don't have it available on your credit card. Plus, you pay this amount without paying fines or interest.

How do I make a partial payment of my invoice?

To make a partial payment of your invoice, there are two ways, depending on the reason why you chose to make this payment.

Here's a basic step-by-step guide to making a partial payment of your bill in every possible situation. It's also worth noting that the process may differ depending on your credit card.

Partial payment of overdue invoice

• Access your credit card application.
• Access the overdue invoice.
• Choose the amount you want to pay.
• See the remaining amount and the interest rates that will be charged when entering the revolving credit.
• Accept the terms and generate a new invoice for your card with the partial amount you will pay on your credit card.
• Pay the generated invoice using any method you prefer.

Partial payment of unpaid invoice

• Access your credit card application.
• See the invoice amount and your credit limit.
• Choose “Pay invoice” or “pay invoice in advance”.
• Now, choose the partial invoice amount you want to pay.
• Generate the bill with the amount.
• Pay this bill and wait for the credit to be released.

And how do you pay the rest of the bill?

If you've made a partial payment on your credit card bill, you have another amount you need to pay—meaning you'll need to pay the remainder of the bill somehow. And it's important to know how you'll do this.

As we've been explaining since the beginning, there are two ways to partially pay your credit card bill: with the bill due or not due. In each case, the payment of the remaining amount will be different.

For past-due invoices, the remaining amount will be charged on the next bill, plus interest, which will be specified. This is what we call revolving credit, where the remaining amount is subject to interest charges.

In the case of unpaid invoices, you release the amount and the remaining payment, along with any purchases you make later, will be paid when your invoice closes, as happens every month.

Can I pay my card bill in installments?

Another interesting option that credit card companies offer their customers is the possibility of paying in installments on their credit card.

For this option, you will pay a partial amount of the credit card bill and the remaining balance will be paid in installments according to what is requested with the card company.

It's worth remembering that this is a good option, especially for those who don't want to make a full payment and want to pay the amount in more manageable installments. It can be an excellent alternative when paying with a credit card.

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