For your information... (I didn't even know this) Citibank calculates your MAD (minimum amount due) by dividing your balance with 48. i.e. if I have a balance of $4800. Citi divides that by 48 (4800/48). MAD would be $100. As the balance decreases so does your MAD. Thanks for reading !!
I think this is starting at a certain amount though. My limit is $800 and my minimum payment HAS ALWAYS BEEN $20......weather my balance was $300, $500, $750, etc. So I'm assuming that the *MAD* has to be at least $20????
Your assumption is valid MP$40... the type of card might also play a part on the final MAD. I can only talk for the CitiAA (gold). What's your card? Platinum?
Platinum? HA!!!!! Funny.......no but I have the standard Citibank Classic. I'm waiting for my credit to get cleaned up so that Citibank can approve me for a $200 increase so that I can upgrade to Platinum After 9 years!!!!!!!!!!!<b/>
RE: min with plat Is the same i believe. 2% of balance or min $20 whichever is higher. Crazy stuff they really wanna sucker folks on finance charges.
Oops didn't know about your past Citi history... hey I know you'll prevail... I'll be pulling for you all the way. Good luck ! -Larry-
