Credit Card Payoff Calculator 1.3
Free Version
Publisher Description
Credit Card Payoff Calculator - Enjoy millions of the latest Android apps, games, music, movies, TV, books, magazines & more. Anytime, anywhere, across your devices.
++ There has been several negative remarks about some of the app's technicalities. Please read the technical details below to understand how the app works.
A simple application that shows your credit card pay off details
You can:
* Add multiple in-app credit card accounts
* Select from three different pay off methods
* See when you will be credit card debt free
* View how much interest you will be expected to pay
* Manage your in-app credit card accounts
Please let me know if you have any requests or find any problems or bugs.
Some technical details:
* Minimum payment is calculated by taking 1% of the balance and adding the total accrued interest for that month. Many credit card companies use this method for calculating the minimum payment. However, be aware that some use other methods, so always make sure that you at least pay the minimum on your statement.
* Minimum payment exception: if the calculated minimum payment is below the absolute minimum payment which you can select when you add your account, then the absolute minimum payment will become your minimum payment. Once again, never pay below the minimum payment in your statement.
* All balances are compounded monthly for interest calculations
* There is no grace period, so an interest will be accrued starting the first month
* Interest Weighted Average - this is a payment method that allocates your budget based on the weight of interest accrued. For example, a card that accounts for twice the amount of interest calculated, will give or take twice the amount of the budget allocated. This method will bring down your debt balance of your cards as evenly as possible while trying to minimise the total interest paid.
About Credit Card Payoff Calculator
Credit Card Payoff Calculator is a free app for Android published in the Accounting & Finance list of apps, part of Business.
The company that develops Credit Card Payoff Calculator is Rangi Works. The latest version released by its developer is 1.3.
To install Credit Card Payoff Calculator on your Android device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2011-09-06 and was downloaded 1 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Credit Card Payoff Calculator as malware as malware if the download link to com.sajtab.CreditCardPayment is broken.
How to install Credit Card Payoff Calculator on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the Credit Card Payoff Calculator is shown in the Google Play listing of your Android device, you can start its download and installation. Tap on the Install button located below the search bar and to the right of the app icon.
- A pop-up window with the permissions required by Credit Card Payoff Calculator will be shown. Click on Accept to continue the process.
- Credit Card Payoff Calculator will be downloaded onto your device, displaying a progress. Once the download completes, the installation will start and you'll get a notification after the installation is finished.
