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To: ex-Texan
So far, MBNA, Citibank and Bank of America have announced they are doubling minimum monthly payments on credit card balances from 2% to 4%.

This is disinformation and has been covered many times on FR. I have accounts with all those issuers and the minimum payments didn't double; most went up very modestly if at all. My new minimum payments tend to be about 1.5% of the balance. Only high-interest rate balances minimum payments are anything like 4%.

10 posted on 02/01/2006 1:16:42 PM PST by steve86 (@)
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To: BearWash

One of them went up only 5 bucks, the other, I think was 3 bucks.


30 posted on 02/01/2006 1:39:51 PM PST by Armedanddangerous (Master of Sinanju (Emeritus))
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To: BearWash

I agree with that.. I have Bank of America and mine jumped from 53/mo to 129/mo.. of course I was paying off more than the minimum anyways and as a percent I'm sad to say that's not very much still... no where near 4%. That darn debt I racked up in College.. gotta pay for all that fun now.


39 posted on 02/01/2006 1:52:30 PM PST by Almondjoy
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