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how much is the minimum monthly payment? |
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Date:
December 26, 2006, 8:51 pm |
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how much is the minimum monthly payment? |
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Answer:
It's impossible to answer your question without knowing the amount of credit, APR and other features. Monthly payment is calculated by the bank and when you are approved for a certain credit limit, you are informed of how much your are going to pay each month. Thus, the whole credit amount plus your APR are divided into certain amounts for you to pay off the credit. It may also include fees, but still it is determined by the bank. You should also notice that there are minimum and maximum payments. And you can choose what payment you will make each month. For more details, please, call your bank and ask for explanation, as each credit card has its own terms&conditions. |
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