Line of Credit wants statements paid in full each month?

Hey guys,

I’m sorry I tried to search for my situation but I am completely baffled about my variable rate loc from Scotiabank.

I am in between starting my program and finding part time employment so I need 5-7k to hold me over.

I have a variable rate(7.2%) loc with Scotiabank with a credit limit of $12500. I used $34 last month for medication and also transferred $500 from my loc to my bank account 2 days ago(irrelevant but I know people will ask me why I’d put just $34 on an loc)

The minimum payment is showing as $34.42

I thought I only ever had to pay the interest each month so $3-$25 for my situation as I borrow more later.

How could the minimum payment be the whole statement balance for last month? I’m sorry if this is a stupid question but I’ve been poor my whole life and never had an loc before.