i just got a 300$ ,19.08% APR credit card....?

Question

how much will i end up paying????

Answer 1

Your minimum due will be about $15 a month. The credit card companies try to entice people to pay the minimum so the interest will accrue.

Pay off your balance in it's entirety every single month to avoid interest charges.

Answer 2

You will only pay what you charge on it as long as you pay it off every month. This is what you should do. It doesn't matter what the APR is as long as you don't carry a balance. PLEASE, understand that the purpose of a credit card should not be to get things you can't otherwise afford. Pay it off every month (which requires that you charge only a few things and keep these things manageable in terms of cost) and save yourself the nightmare of financial disaster that so many people experience.

Answer 3

Pay it off as quickly as possible. A 19% APR will kill you economically. Do not pay the monthly minimum...pay as much as you can. Use the card only for emergencies. Avoid credit card debt is the best financial advice anyone can give you.

Answer 4

You didn't say what the balance will be on it.

If you pay the balance in full every month, your only expense will be the annual fee, if there is one.

If you immediately run your balance to its limit, never make another charge, and opt to make only the minimum monthly payments, you will have 41 payments of $10, and one smaller payment. You will end up spending about $410 to $420 for your $300 loan, not counting any annual fee.

Answer 5

19.08% its simple if you use your card and pay it off you pay no interest but if you charge 100.00 they will add interest. if you only use your card to pay for things you have the cash ofr you will eventually get a higher limit and have the ability to get a card with a lower apr