[ What a b*tch! ]
This is my 8th installment for this series.
The basics:
- I applied and was approved for a $3,000 credit limit on 4/12/11
- On the same day ( 4/12/11) I charged a complete root canal & filling on the card = $2,297.00
- 48 month promotional period = 14.9% APR
- Minimum monthly payments = $64.00
- If I paid only the minimum payment of $64.00, in 4 years it would be paid off. I would have paid $3,095.00, which is $798.00 in interest.
- If I paid $80.00 a month, I would have paid $2,887.00, which is $590.00 in interest.
THE EIGHTH BILL
Previous Balance- $670.71
New Purchases- $0.00
Payments- $146.00 ($74.00 posted on 11/8 & $72.00 posted on 11/25)
Credits, Fees, etc.- $21.25 credit?
Interest Charge- $7.17
New Balance- $510.63
Minimum Payment Due- $64.00
Days in Billing Period- 30
TOTAL INTEREST CHARGED: $122.88
TOTAL PAYMENTS SENT: $1,888.00
Notes: Almost there. I have no idea why they credited my account for $21.25, the statement says “Finance Charge Purchases Refund.” Whatever that is? I’ll have to look into that, weird stuff. Hopefully I can get this paid off in the next few months, it’s gonna feel awesome.
If I keep making only the minimum payment from here on out:
