Guides to credit card interest, minimum payments and paying off your balance faster.
Paying the minimum on a Rs. 150,000 balance at 26% takes 7 years and 7 months to clear and costs Rs. 104,150 in interest. Here's the full picture.
An extra Rs. 2,000 a month on a Rs. 150,000 credit card balance cuts the payoff time from 91 months to 38, and saves Rs. 50,377 in interest. Here's the exact math.
