CREDITOR |
CONS. APR |
BALANCE |
MONTHLY PAYMENT |
MONTHS TO PAY OFF |
APR WITH DCC |
MONTHS TO PAY OFF AT $100 |
TOTAL SAVINGS |
CHASE |
21.9 |
$5,000 |
$100 |
135 |
7 |
60 |
$7,500 |
CITIBANK |
21.9 |
$5,000 |
$100 |
135 |
9.9 |
65 |
$7,000 |
CAPITAL ONE |
21.9 |
$5,000 |
$100 |
135 |
15.9 |
83 |
$5,200 |
This sample savings is based on monthly payments at $100 with or without DCC. If the consumer makes the minimum payments on their statements, it will take approximately 57 years to pay off their debt. To figure out your specific scenario, please use our debt calculator.
