Minimum Repayment (March 2020) – 112 years and 5 months
The month of March 2020 saw another lift in credit card debt over the prior month.
Closed the period at $18,692.49.
Minimum repayment for the month was $374.00

If I make the minimum repayment of $374 per month it will take me:
- 112 years and 5 months to pay off the balance
- $106,790.43 in interest charges over the 112 years

Hey but my bank has a smart suggestion for me to reduce interest charges:
- Pay $955.84 per month and I will pay it off over 2 years and save $102,542.63 in interest charges
Again pay the full balance off before the due date.