Park Community Credit Union

When buying on credit, your credit card payment minimum typically will be 3%-4% of your total balance.

Credit cards are typically open-end loans. Until you reach your limit, you can continue buying each month and paying only a portion each month. If you make just the minimum payment each month, repayment and interest can drag out for several years. Depending on the interest rate, that can add another third to the purchase price.
© 2003-2015 Credit Union National Association Inc.
NCUAEqual Housing Lender