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So if I make a credit card purchase of $800, how much will my monthly payments be including my first payment?
The apr is Super High. I'm approved and couldnt get approved with anyone else and I know that its dumb to take on a credit card with such high of an apr but I need tires bad right now and can't wait any longer. So how much?
28.99% apr
29.99% cash advance
23 day grace period
4% fee for cash advance
6 Answers
- bdancer222Lv 71 decade agoFavorite Answer
The minimum payment is typically 3% to 5% of the balance. The minimum payment amount will change every month. If you only make the minimum payment, it will take years to pay off and will cost a ton of interest.
When you get the statement, pay as much as you can to get it paid off faster. The faster you pay it off, the less interest.
Source(s): BD - Anonymous1 decade ago
APR is annual percentage rate. Divide by 12 to get the monthly rate. Divide again by 100 to drop the percentage then multiply by the unpaid amount per month. There ya go.
The card company can also tell you.
- Anonymous1 decade ago
Minimum payment is usually about $15 to $20. a month, if you can pay more than do it.
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- 1 decade ago
Probably around 60-120 dollars per month.
thank you
Source(s): http://www.paydayloantree.com/ - Anonymous1 decade ago
Have them put the tires on the car and be like, "Oh, let me get my wallet. It's in the car." Then get in, peel the hell out of there.