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Q: When making the minimum required payment on a credit card bill a large part of the payment goes towards?
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If your credit card balance is 1150 and the minimum monthly payment required is 3 percent What is the minimum amount you must pay this month?

34.50


What are the benefits of having a personal line of credit?

-revolving credit -a credit limit -monthly statement -enable cash advances -minimum payment required -insurance offered


What is the minimum monthly payment on credit cards?

reload credit card


What is the minimum payment for a visa credit card?

2% or 20$.


What does Minimum payment in your credit card bills mean What happens if pay less than the Minimum payment?

It's called minimum payment for a reason.. and that reason is that you don't have to pay you're full balance.. but you have to pay the minimum payment. NOTHING LESS


If your credit card balance is 1150 and the minimum monthly payment is 3 percent what is the minimum amount you must pay?

$1150.00 X 3% = $34.50 minimum payment or $1150.00 X .03 = $34.50 minimum payment


Credit Card Minimum Payment Calculator?

Credit Card Minimum Payment Calculator Use this calculator to determine how long it will take you to payoff your credit cards if you only make the minimum payments. Enter your credit card information below and press "View Report" to see your payoff details.


What are the minimum payments on a credit card?

Depends on how much you owe. The more you owe, the more the minimum payment.


What is the meaning of payment due date, minimum amount due, and last bill due in a credit card?

A payment due date is the day that a minimum payment is due on a credit card bill. The minimum amount due is the smallest amount of money that must be paid in order to avoid a late payment fee. The last bill due is the date of the previous month's credit card bill.


What is the difference between a purchase and a payment on a credit card statement?

A purchase would be buying something. A payment would be a payment on the card itself, towards the balance of the available credit.


Where can one obtain a bad credit home loan with no down payment?

It is not possible for someone with bad credit to obtain a home loan with no down payment. They would need to have a 5% minimum down payment and collateral.


What does the term minimum payment mean?

That is the smallest possible periodic payment to a creditor that is necessary to keep the credit account in good standing.