Thread: Can you please help with this credit card math

Hi. Great site.

I made a big purchase in July, and my credit card bill is now $13,650. Payment is due in early August. I have always paid my bill on time, but I'm thinking of letting it roll over one month, and then paying the entire bill in Sept.

With the interest rate numbers below, what will my bill be in Sept., assuming I make the minimum payment in August ($20 I think) and don't make any additional purchases on this card until it's paid off.

Periodic rate = 0.04381%(D)
Nominal APR = 15.990%
APR = 36.000%

Thanks a lot for your help!

Wait how is the nominal APR 15.99% and the regular APR 36%? Those two numbers should only differ by a small amount. Are you using a promotional balance transfer offer or something right now with it?