Sorry if this is awnsered elsewhere ... i did a deep dive and either coudlnt find what i was looking for or it wasnt super clear. My 2 questions are:
1) How is monthly minimum payment calculated? Looking at balances, history and statements the best I can come up with is that it is 2.75% of the balance. but sometimes it varies vastly. I'm almost certain its 2.75-2.99% on all cards, but what is that percentage of? Statement balance? average daily balance?
2) How is APR calculated? is it:
(APR * [BALANCE] ) /12
if so, again is that statement balance or average daily balance?
3) When is interest calculated? it seems to vary. sometimes before statement date sometimes a few days after
For reference here are my revolving cards:
| Credit Report Details |
| Account | Balance | Limit | Ratio | APR | AoA |
| Walmart | $0.00 | $1,450.00 | 0.0% | 22.90% | 4 yrs, 5 mos |
| Paypal | $1,699.00 | $3,500.00 | 48.5% | 25.49% | 4 yrs, 10 mos |
| Amazon | $5,013.00 | $6,000.00 | 83.6% | 27.49% | 2 yrs, 8 mos |
| Venture | $2,844.00 | $7,000.00 | 40.6% | 17.99% | 1 yrs, 10 mos |
| Amex | $4,995.00 | $8,500.00 | 58.8% | 22.49% | 3 yrs, 3 mos |
| QuickSilver | $729.00 | $9,000.00 | 8.1% | 22.99% | 6 yrs, 4 mos |
| CareCredit | $0.00 | $15,000.00 | 0.0% | 21.49% | 4 yrs, 9 mos |
| Total | $15,280.00 | $50,450.00 | 30.3% | 22.98% | $0.00 |
