PLEASE HELP ME CAUSE THE PEOPLE ON THE PHONE HAD A ATTITUDE SO I HUNG UP
2006-10-05 09:47:43 · 6 answers · asked by Crazyone2006 1 in Business & Finance ➔ Credit
On months interest on $271.00 at 19.71% is $4.45. Assuming no other fees or finance charges, they minimum payment is required to cover that amount plus a "reasonable amount of principle". Most credit cards chose 1 or 2% as "reasonable" That is $2.71 or $5.42. With interest your minimum will be at least $7.16 to $9.87. Any fees would be added to that amount.
2006-10-05 12:48:37 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
It greatly depends on whether you are under the limit. If your limit is $200 and you're at $271, your payment could be over $100.
If you're under limit and you havent missed any previous payments, your payment is likely under $20. Your card should have an automated line that tells you what your next miniumum payment is and the due date. If they dont, just call back and ask the next person...there are usually dozens or hundreds of customer service ppl.
2006-10-05 10:12:18 · answer #2 · answered by Anonymous · 0⤊ 1⤋
about 10 to 15 dollars min payment
2006-10-05 13:47:06 · answer #3 · answered by flguy48tc 3 · 0⤊ 0⤋
Try this website in the Credit Card direction.
2006-10-05 11:37:58 · answer #4 · answered by DaMan 5 · 0⤊ 0⤋
Your interest will probably be around $5 a month for that purchase and the minimum plus interest will probably come to around $12 a month. It'll take you 316 years to pay it off at that rate, but that's what I figure it'll be.
2006-10-05 10:03:18 · answer #5 · answered by Anonymous · 0⤊ 1⤋
About 20.00 or so, they suck dont they! Why is your interest rate so high though??
2006-10-05 09:50:06 · answer #6 · answered by Jinx 5 · 0⤊ 0⤋