Walmart Credit Card Payment Calculator. The Synchrony credit card minimum payment calculator Walmart is an easy-to-use tool that helps you know how many months you have to pay off your Synchrony credit card balance if you pay a minimum every month. It also helps you determine how much interest you will pay and what your total payment will be.
How to use this Walmart Credit Card Payment Calculator
Using this calculator is quite easy. Enter your debt balance, interest on your Walmart credit card, minimum payment required on the card (in percent) and your first minimum monthly payment.
For example, if your Synchrony Walmart credit card balance is $5000, and the APR is 24.99%, with a minimum payment value of 4% of your balance and the first minimum monthly payment rate is $200, then the result will be as follows. It takes 169 months to be able to pay off your credit card – with a total interest of $5182.95. So your total payment amount will be $10,182.95.
Minimum Credit Card Payment Calculator Definition
- Credit card balance – the amount of money on your credit card.
- APR – the current interest rate on your card.
- Minimum payment – the percentage of your Walmart Synchrony credit card balance must pay monthly to avoid penalty fees. This can be found in your credit card agreement.
- First minimum monthly payment – minimum payment for the first month you have to do. Note that the minimum payment on your card can vary every month.
- The month to pay off – the number of months you need to fully pay off your Walmart credit card balance.
- Total interest – all interest payments you will make on your card.
- Total payment – the total amount of money you will pay in the end.
Disclaimer: This walmart credit card payment calculator is designed to be an information and education tool only, and when used alone, is not an investment or financial advice. We strongly recommend that you seek advice from a financial services professional before making any type of investment or deciding on your financial problems. This model is provided as a rough estimate of future financial performance. The results presented by this calculator are hypothetical and may not reflect the actual growth of your own investment. We cannot calculate the potential lender’s costs, the payment schedule can be longer than the estimate. Feed feed and its affiliates are not responsible for the consequences of any decisions or actions taken by relying on or as a result of information provided by this tool. Feed feed is not responsible for errors or omissions or human or mechanical errors.