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credit card question

 
dunno
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User ID: 76631087
Canada
08/17/2018 12:30 AM
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credit card question
if i have 8 percent interest rate and bought 2 plane tickets that coast 2000 and im paying 5 percent monthly how long will it take me to pay it back , thank u
Anonymous Coward
User ID: 41173011
United States
08/17/2018 12:35 AM
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Re: credit card question
8%....LMAO you won't live long enough if you're paying the min, APR compounded.
Vasili

User ID: 72304389
United States
08/17/2018 01:03 AM

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Re: credit card question
if you stick to paying 5% of the monthly balance, it will take many years.

otoh, if you make $100.00 a month payments, it will take about two years.
BrokenTech

User ID: 9651050
United States
08/17/2018 02:06 AM
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Re: credit card question
It would have taken a lot less time to save the money and pay cash than it will to pay that back.

Get rid of the CC's unless you can use them to your advantage by paying it off each month without interest. Otherwise, you will be forever trapped in CC debt.

I take it you cant do math?

Last Edited by BrokenTech on 08/17/2018 02:15 AM
Anonymous Coward
User ID: 74849029
United States
08/17/2018 02:34 AM
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Re: credit card question
if i have 8 percent interest rate and bought 2 plane tickets that coast 2000 and im paying 5 percent monthly how long will it take me to pay it back , thank u
 Quoting: dunno


OP, where are you heading to?

beared
Dickhead

User ID: 76735721
United Kingdom
08/17/2018 03:06 AM
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Re: credit card question
Buy a one way ticket and pay nothing back!





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