Components of the Credit Card payment calculator

The Business Credit Card payment calculator will show you the exact amount you’ll need to pay each month at minimum and provide you with the flexibility to see how long it would take you to pay off the credit card if you make higher payments than the minimum. 

The components of the Business Credit Card Calculator are below.

• Credit card balance: Total amount of debt you can owe to the credit card company.
• Interest rate: Proportion of the outstanding debt that is charged as interest to you shown as an annual percentage.
• Payment Calculation Method: This is the way your credit card payment is calculated
  Minimum Payment: Select this option to see the result of the payment calculation as a minimum payment
  Fixed Payment: Select this option to see your payment as a fixed monthly payment, then those chose your fixed payment by user the slider.