I've been targeting CC1 - my biggest CC balance and also greatest interest rate card.
A year ago, when we owed a bunch of money, the minimum payment due was always about $100 plus interest charged for that month. As I've been making progress on it, that formula seemed to change, the minumum amount due was something less than $100 plus interest charged. In February it was just about $90 plus interest charged.
In February, through a combination of a balance transfer and a hefty payment, the balance decreasd from mid $7,000s to mis $3,000s. Now the minimum due is about $42 plus interest due.
I'll keep throwing as much money as I can toward this card. It's funny the mental games CC companies play depending on if you're paying the account slowly or quickly.
New "Minimum Payment Due"
March 13th, 2012 at 05:04 pm
March 13th, 2012 at 05:44 pm 1331660682
March 14th, 2012 at 02:41 am 1331692909