If My Credit Card APR is 19.71% and i spent $271.00 what will my balance be and the minimum payment??????

Question

PLEASE HELP ME CAUSE THE PEOPLE ON THE PHONE ARE IDIOTS

Answer 1

OK, so your balance on your bill will be exactly what you spent, $271.00. We cannot tell you your minimum payment because all credit cards have different minimum payments, per your agreement. 2 or 3% of your balance is common, but they also usually have a minimum dollar amount too. That too is per your specific credit card agreement, but is usually $10 or so.

Next month, assuming you make no additional purchases, but do make the minimum payment, your balance will be $271.00 - minimum payment X 0.016425.

Answer 2

I always pay the total to avoid finance charges.:-)=