No. of Recommendations: 1
My minimums have been more or less $1000 - sometimes a bit more, sometimes a bit less. In January my minimum was $4000! Talk about scrambling.

So, my guess is what happened is that you made enough in new charges in December to max out your 'pay over time' allowance, plus another $3000; that you had enough in small transactions (below the minimum 'pay over time' threshold) to add up to $3000; or else you made $3000 in charges that were ineligible to be put into the 'pay over time' account. (Or some combination of these 3 issues.) In January, having that $3000 in December charges that were not put into the 'pay over time' account required you to pay the minimum $1000 (+/-) that you had been paying on your 'pay over time' balance, plus the $3000, which is how you got to a $4000 minimum in January.


The thing is is that I didnt make any new charges. My amex had been my preferred card because of the points, but because I was using it so much, they imposed a credit limit, a few hundred more than my balance. So for the past 7-8 months or so, I set it aside. The payments due were anywhere from 1000-3000 with the bump of 4000 in January. Recently, it has been 1100ish. This month just 800 actually. In any case, over the last year, there was no heavy charging with the card, so I should not have any large min payments due. In any case, even if I do, it means I pay the card off that much faster.

Once i'm done with this debt, i will solicit the boards advice on trimming my cards back. I have one amex, three chase, two bank of americas, one cap one, a GE capital, and a citicard. Its a little crazy. But that's a task for another day, when i get down to zero.
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