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At the end of your first year, you’ll have made $274.58 in payments while only reducing your $1,000 balance by $113.63. If you continued to only make the minimum payment, it would take you over ...
See Bankrate’s minimum payment calculator for a customized way to organize your budget, with the ability to input your balance, rate, minimum payment amount and other figures to help determine ...
For larger balances, your minimum payment amount will be either a flat rate or a percentage of your credit card balance -- whichever is higher. Example: The issuer's minimum payment is either $40 ...
Debt to pay off. Monthly payments. Time to pay off. Interest/fees paid. Card with 15-month intro APR offer. $5,150 (principal balance + BT fee) $300. 17. $150 BT fee, $12.10 in interest
For example, if you transfer $6,000 in credit card debt to a card offering 0% intro APR for 18 months, you could pay off the full amount by making $333 monthly payments with no added interest charges.
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