The Citi Diamond Preferred card minimum payment is $41 or 1% of the statement balance, plus fees, past-due amounts, and interest – whichever is higher. If your statement balance is less than $41, the Citi Diamond Preferred minimum payment will be equal to the amount you owe.
Your Citi Diamond Preferred card's minimum payment will always be listed on your monthly statement.
Here's the Citi Diamond Preferred card minimum payment:
Balance below $41: Minimum payment equals the balance
Balance of $41 to $4,100: Minimum payment equals $41
Balance over $4,100: Minimum payment equals 1% of the balance, plus interest and fees
As long as you make Citi Diamond Preferred’s minimum payment by the due date each month, your account will remain in good standing.
Always paying your monthly minimum on time will help your credit score. But you need to pay your balance in full every month to avoid interest.
The Citi credit card minimum payment is either $41 or 1% of the statement balance, plus interest and late fees, whichever is higher. If the entire balance is 41 or lower, then the balance amount is the minimum payment. Note that any past-due, overlimit, and Citi Flex Plan amounts will also be added to the minimum payment due. To see your … read full answerCiti credit card minimum payment, check your monthly statement from your online account.
How the Citi credit card minimum payment is generally calculated:
Any past due, overlimit, or Citi Flex plan amounts, plus the highest of:
Your statement balance, if it's less than $41
$41, if your statement balance is at least $41
1% of your statement balance, plus interest and fees
To see how minimum payments are calculated for any particular Citi credit card, you can also visit Citibank's dedicated web page and view the credit card agreement for the card you're interested in.
A Citi credit card minimum payment is the least amount you’re obligated to pay by the due date for your account to remain in good standing. You can pay all or part of your account balance at any time. If you don’t pay at least the minimum payment by the due date, you’ll normally be charged a late fee up to $41. Your credit score will also take a hit if you fail to make multiple minimum payments.
What you should consider before making just the minimum payment on your Citi credit card:
If you only make the minimum payment each month, any unpaid balance will start to accrue interest. Some Citi credit cards offer an introductory 0% APR period, but any remaining balances will accrue interest at the cards' regular APRs after that. Future new purchases will also start accruing interest from their purchase date once you’re already carrying a balance.
Paying more than the minimum payment each month will reduce your interest charges. Better yet, avoid interest charges altogether by paying the balance in full, if possible.
The Citibank credit card interest rate could be anywhere from 17.24% (V) to 28.99% (V). The interest rate that you will get depends on both your creditworthiness and which credit card you apply for. All Citibank credit card APRs are variable, meaning they can change over time.
Some Citibank cards may also offer new cardholders introductory 0% interest rates on purchases or balance transfers for a set number of months. After a card’s intro rate expires, the regular interest rate applies to any remaining balance.… read full answer
Keep in mind that there is also an APR for cash advances of 29.49% (V) for all Citibank credit cards.
If you want to increase the chances of getting a low Citibank credit card interest rate, you should make sure your credit is as good as possible before applying. Doing anything you can to bump up your income can also make a difference. But if you pay your credit card bill in full every month, you won’t ever have to worry about the interest rate.
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