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What will my monthly payment be?
jimmy_boy81
Posts: 47 Forumite
in Credit cards
Hi all sorry for the banal question.
If I transfer an amount of 1800 to a card with a rate of 3.6% per annum and my minimum payment is 1% of the balance, what would my monthly payment be?
If I transfer an amount of 1800 to a card with a rate of 3.6% per annum and my minimum payment is 1% of the balance, what would my monthly payment be?
0
Comments
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You min payment will be at least 1% of the balance PLUS fees and interest.
So the first month would be in the region of £24.1 -
Thanks- I know it was probablya simple equation but I struggled.0
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