Thursday, January 7, 2010

Credit Card Minimum Monthly Payment What Can I Expect For A Minimum Monthly Payment On This Credit Card Purchase?

What can I expect for a minimum monthly payment on this credit card purchase? - credit card minimum monthly payment

I just reopened my credit card after paying a debt of $ 1200 He opened the card with the 10.99% APR and a credit limit of $ 1,100.

If I buy one, the $ 900 was made next week, know that they pay less than 2 months, it would be a good idea? How do I get my monthly at least? I have already made a payment plan for me to pay up to $ 900, and I know that is paid within 2 months. This means that we still have a balance of the card after the first month ...

But my main question is, what can I expect from my "minimum" payment due after the accounting period in the first place? How much money did each month there is a balance due? Never use a credit card, if only an ATM card. Thanks

2 comments:

hootervi... said...

Your minimum payment is probably around 1% of the balance. If you carry a balance on the second month interest charged on all other costs from the date of purchase.
The best way to have the interest, save you now to minimize instead of money to buy, it is
costs $ 900 and then pay as much as possible on the first bill, and you do not use the card again until you pay in two months.

hootervi... said...

Your minimum payment is probably around 1% of the balance. If you carry a balance on the second month interest charged on all other costs from the date of purchase.
The best way to have the interest, save you now to minimize instead of money to buy, it is
costs $ 900 and then pay as much as possible on the first bill, and you do not use the card again until you pay in two months.

Post a Comment