owing, interest rate, average payment, etc?
2007-08-18 10:00:00 · 2 answers · asked by Anonymous in Business & Finance ➔ Credit
such formulas only work if you STOP CHARGING on the card at all.
if you charge even a little bit, the effective answer is "never".
that said, you want an amortization calculator -- google will find plenty of them for you.
GL
2007-08-18 10:07:07 · answer #1 · answered by Spock (rhp) 7 · 2⤊ 0⤋
Spock is absolutely correct.
Sign up for a card that offers 0% interest on balance transfers for a year or more (Fidelity offers one for 14 months).
Transfer your balances over to the new card, then cut it up (very important...if you make purchases, they will be paid off last and the interest will accrue).
Add the amount of the balances transferred, the 3% transfer fee and divide by the number of months on the offer.
2007-08-18 10:15:44 · answer #2 · answered by Anonymous · 1⤊ 0⤋