| Please use the Credit Card Balance Repayment Calculator below to calculate the repayment details of your credit card account. |
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| Please input Balance Amount and Monthly Rate and then choose: |
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| "Calculate by repaying with minimum payment each month" to calculate |
| (i) The period of time (number of years) and total cost (including principal and finance charges) involved in paying a balance in full by making only minimum payments |
| (ii) The monthly payment amount required and total cost (including principal and finance charges) involved to pay off the outstanding balance in 3 years |
| (iii) The cost saved for paying off the outstanding balance in 3 years |
| "Calculate by specifying a monthly payment amount" to calculate |
| (i) The period of time (number of years) required to pay off the outstanding balance by specifying a monthly payment amount |
| (ii) The total cost (including principal and finance charges) involved to pay off the outstanding balance by specifying a monthly payment amount |
| "Calculate by specifying a repayment period" to calculate |
| (i) The monthly payment amount required to pay off the outstanding balance in a specified repayment period (number of months) |
| (ii) The total cost (including principal and finance charges) involved to pay off the outstanding balance in a specified repayment period (number of months) |
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| Assumptions: |
| (i) No new transactions, annual fee and other fees |
(ii) Repayments are due on the 26th day after the statement date, and it is assumed that repayments are made on or before the due date
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