Credit CardsFinance Rates, Interest Rates, Introductory Rates |
If I have a balance of only $1,000 on my credit card, with a 15% interest rate, and I only made the minimum payment of $15 each month, how long would it take for me to pay off the balance and how much will it really cost me in the end? |
It would take about 12 years, and end up costing you more than $2,000.