To use the calculator key in the box 1 to 3. The calculator will shows monthly minimum payment, total interest and duration to settle credit card debt.
Please bear in mind the following;
- Minimum payment is 5% of total outstanding balance (debt) or RM50, whichever is higher.
- Calculation does not taking into account of new monthly spending.
Credit card interest rate is as follow
- 13.5% – pay credit card bills promptly for 12 consecutive months
- 16.0% – pay credit card bills promptly for at least 10 out of 12 months
- 17.5% – pay credit card bills promptly for less than 9 out of 12 months
- Some banks or credit card have different rate. Check with your banks