Dylan1982 wrote:If I were to put $3,650 on the TY Card and $3,650 on the Diamond Card what would my minium payments be with a 0% APR for 18 mos?
For both the TY and Diamond card, my utilization rate would be 79% vs. what it is currently on the GM card; 96%
I tried finding the minimum payment due on Citibank's website...nada....looked at my own statements online and my minimum was always $20....on my balance of $570 3% would have been $17.10 but the min due was $20 so it appears that they have a floor of at least $20. So I would guess that Citibank's minimum payment is 3% (this is pretty standard). So on your balances of $3,650 the min due would be $110 ($109.50 rounded up) on each card or $73 each card if the min due is 2%......you will have to look at your terms and conditions to determine what the real min due is....
If it were me, I would go to Citibank's Twitter page (@AskCiti) and see if they can give you a $3K credit line increase on the Diamond card for the sole reason that you want to take advantage of the balance transfer offer. You will have to be signed up on Twitter of course and they are there Monday thru Friday only. I will never call Citibank's confused CSR's again. The @AskCiti team is AWESOME as they are the top level reps. Otherwise call their Retention Department 1-800-444-2568 as they are high level reps as well.
Even if they have to take the $3K away from your Thank You card to do it, that doesn't matter. Because A) you could transfer the entire balance from your GM Card to ONE Citibank card, and have ONE minimum payment and B) you could use your Thank You card regularly (yes I know it could be difficult having a $1,600 limit) and within 6 months you could go online on your Thank You and request a credit line increase...remember not to be greedy...like $1,500 each time...every 6 months. So December would be one $1,500 and then next June another $1,500 and you could be back up to $4,600 by next summer not to mention that you would be paying down the $7,200 balance at 0% on your other Citi card. Make these cards work for you, not the other way around.