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/biz/ - Business & Finance

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1573613 No.1573613 [Reply] [Original]

approximately how much is the minimum payment on a credit card for a $300 loan?

>> No.1573664

>>1573613
bump

>> No.1573672

>>1573613
Depends on your interest rate

>> No.1573682

>>1573613
>minimum payment on a credit card

How to stay poor 101 lel

>> No.1573696

>>1573682
im actually getting an interview soon but i cant wait two weeks to get paid thats why

>> No.1573831

>>1573696
Then take from your Rainey Day fund, retard.

>> No.1573834
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1573834

>minimum payment

>> No.1574025

>>1573831
i dont have one

>> No.1574060

>>1574025
Build one soon Anon.

And the minimum owed would be whatever your interest rate is.

Rainy day fund > pay off debts > invest

In that order

>> No.1574102

>>1573613
A credit card minimum payment is usually calculated as the greater of: (a) some percentage of your outstanding balance (usually 1 to 3%) or (b) a set fixed fee (usually around $25). For a $300 balance, you'd probably just be paying whatever the fixed fee is, so around $25 depending on what kind of credit card you have.

Like everyone is saying though, don't take on credit card debt. If you can't come up with $300, don't spend $300. What do you need it for? A suit or something?