Minimum Amount DUE (Citi)

Discussion in 'Credit Talk' started by Larry, Jan 22, 2001.

  1. Larry

    Larry Guest

    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 !!
  2. Cadillac408

    Cadillac408 Well-Known Member

    I think this is starting at a certain amount though. My limit is $800 and my minimum payment HAS ALWAYS BEEN $ my balance was $300, $500, $750, etc. So I'm assuming that the *MAD* has to be at least $20????
  3. Larry

    Larry Guest

    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?
  4. Cadillac408

    Cadillac408 Well-Known Member

    Platinum? HA!!!!! 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/>
  5. sam

    sam Well-Known Member

    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.
  6. Larry

    Larry Guest

    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 !


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