What is the rate for a credit card?

	Visa Platinum	Visa Gold	Visa Classic	Master Card
APR	8.90%	9.90%	13.92%	15.96%
Grace Period	25 days	25 days	25 days	25 days
Annual Fee	$20	None	$12	$18
Minimum Finance Charge	$0
Method of Computing Balance for Purchases	Average Daily Balance, including new purchases
Cash Advance Fee	$0
Balance Transfer Fee	$0
Overlimit Fee	$25
Late Fee	5% of the payment due or $29, whichever is greater, when your payment is 5 days or more past due

Comments Sort by:

Publisher Comment

Non-Publisher Comment

Comment Incorporated into KB Content

Anonymous

Posted: 5:21:15 PM on 8/4/2009	Approved: 2:51:39 PM on 8/10/2009 Rated Content: 3 out of 10
Points Awarded: 1 (1 Rating)

Having a visa calculator. I wanted to see how long it would take to pay off a 8.9% visa with a $5000.00 balance.

Editor Kimberly L. says: Great idea! We have added a link to a calculator. To pay off a $5000 balance @ 8.9% APR it would take 39 months and cost $765.48 in interest charges. This assumes a monthly payment of $150 dollars (the initial minimum payment).

All information provided through this site is intended to be accurate. However, there may be inaccuracies from time to time which we will make every attempt to correct immediately. Information provided is intended to assist you in making decisions and does not eliminate the need to discuss your particular circumstances with a qualified professional.

Use Alerts to be notified when new information is added or changed in an individual answer or category of information you care about. All Alert notifications sent in a single email once each day.
Notify me if this answer is updated
Notify me if this category is updated

eFAQs