##### Citi Minimum Balance

12-05-2009 04:41 AM

I checked my Citi acct this morning and noticed my statement balance and minimum balance due were the same, $17.60. Has anyone else noticed this on his/her Citi acct? Does it have to do with the statement balance being so low that it's an either/or kind of thing and $17.60 would be the higher of the two payment options calculated in the Citi agreement? It just struck me as odd.

01/08/09 (TU: 786 - EQ: 784 - EX: 762)

11/19/09 (TU: 787 - EQ: ? - EX: ?)

11/19/09 (TU: 787 - EQ: ? - EX: ?)

(782 Views)

##### Re: Citi Minimum Balance

12-05-2009 04:49 AM

Hello,

I don't have a Citi acct, but usually CC minimum payments have an either/or calculation. It's either a certain percentage of the balance, or if the balance falls below a certain threshold, the minimum payment will equal the balance. I've usually seen the threshold amount at $15, but it's certainly possible that an issuer would specify a higher amount.

I hope this helps.

Hard work & patience can go a long way!

8/2009 (myFICO): TU - 599, EQ - 656

7/23/2010 (LO pull): TU - 738, EQ - 801, EX - 785

4/12/2012 (myFICO): TU -778, EQ - 791

8/2009 (myFICO): TU - 599, EQ - 656

7/23/2010 (LO pull): TU - 738, EQ - 801, EX - 785

4/12/2012 (myFICO): TU -778, EQ - 791

(777 Views)