Glossary term
Minimum Amount Due (MAD)
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.
Related terms
- Minimum Age for Credit Card
The minimum age for a credit card.
- Minimum Credit Score
Lowest score for card approval.
- Minimum Due Payment
Paying the minimum amount due to avoid late fees.