How much will i be charged if i dont pay the full amount that i spent and is there a credit card that u can pay the same amount on bill every month.

Amy Miller

When you carry a balance on a credit card, your minimum monthly payment will depend on the amount you owe, interest rate and fees. As a rule, you have to pay 1%-2% of your card balance plus new interest and late payment fees (if applicable). If you have any past due amounts, they will be added to the minimum payment as well. So, the more you owe on your credit card, the higher your minimum payment will be. However, you can avoid interest if you pay off the card balance in full each month. Also, there are credit cards with 0% intro APRs that do not charge interest during introductory period. But when this zero introductory period is over, an ongoing APR will apply to the remaining and new balances.

As for the fixed monthly payments, they are not applicable to credit cards. Such a repayment structure is offered with personal loans. Loans usually have a fixed interest rate and fixed monthly payments.