Minimum Amount Due (MAD) — Credit Card Glossary

The minimum amount due is the smallest sum a cardholder must pay by the due date to keep the account in good standing, typically 5% of the outstanding balance.

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Related terms

Account ClosurePermanent closing of a card account.Account SuspensionA temporary block on card usage.Account UpgradeMoving to a higher-tier card with more benefits.Address ProofA document verifying the cardholder's address.Adjusted Balance MethodAn interest calculation using prior balance minus payments.

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