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Anyone else's Minimum payment go up 4x?

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NRB525
Super Contributor

Re: Anyone else's Minimum payment go up 4x?

Lots of valid possibilities noted.
Annual Fee?

Total charges in the period x 3% or similar minimum payment terms? ( irrespective of amounts paid to date )

Over Limit?

 

I doubt calling will result in "we raised your minimum payment from $xx to $XXX but instead the identification of the components making up this specific Minimum Payment unicorn.

 

And pay it on time, which I am sure you will do, regardless of any Call or Not Call choices.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 21 of 27
Anonymous
Not applicable

Re: Anyone else's Minimum payment go up 4x?

Plenty of reasons why this could've happened:

 

-Last payment was received after the due date so last month's minumum (plus fees, etc.) was added to this month's minumum;

-Balance transfers or checks posting, the flat fees are due upfront as part of the minimum;

-Cash advances could've posted, the flat fees are also due upfront.

 

Since all we see is the rough "Payment Information" box, and not the detailed "Account Summary" box we don't really know.

Message 22 of 27
AI_JMV
Regular Contributor

Re: Anyone else's Minimum payment go up 4x?

I haven't had a chance to call yet, but I can quickly answer some of the above questions: 

 

1. I almost always PIF every month, and I'm never late. I'm a hawk. 
2. Annual fee hit in January, so it's not that 

3. There are no other fees associated with the account 

 

I'll call tomorrow and keep you all updated. 

Sept 2022 EQ-825 TU-840 EX-830
UTIL: 1%
Message 23 of 27
AI_JMV
Regular Contributor

Re: Anyone else's Minimum payment go up 4x?

Called.. it was a glitch.  Good to know.. 

Sept 2022 EQ-825 TU-840 EX-830
UTIL: 1%
Message 24 of 27
Anonymous
Not applicable

Re: Anyone else's Minimum payment go up 4x?


@AI_JMV wrote:

Called.. it was a glitch.  Good to know.. 


Wow. Good to know. Thanks for the update.

Message 25 of 27
NRB525
Super Contributor

Re: Anyone else's Minimum payment go up 4x?


@AI_JMV wrote:

Called.. it was a glitch.  Good to know.. 


Ok, that's descriptive Smiley Wink 

 

What amount are you planning to pay on the card for the due date?

 

For myself, I would be paying at least the "glitch" minimum payment amount. Glitch or not, the computers don't have a soul and may not care.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 26 of 27
AI_JMV
Regular Contributor

Re: Anyone else's Minimum payment go up 4x?

I pif every month

Sept 2022 EQ-825 TU-840 EX-830
UTIL: 1%
Message 27 of 27
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