Do you find it difficult to learn and manage your credit cards finances?
Cards Payments enables you to calculate the payment required to pay off your credit card debt in a specified number of months, or calculate how long it will take to pay off your card debt given a specific monthly payment.
The application comprises of the credit card expense sheet and 6 credit card payoff sheets each for enabling the payment calculation for a type of credit card. The Credit Card Expense sheet enables you to calculate the total monthly card payments along with providing you a place to store the details of your department store card, gas card and upto 4 different credit cards details.
Credit Card Payoff sheet enables you to calculate the total monthly payments and/or months to payoff besides being able to see the current balance, interest rate and interest only payment.
The sheet also creates a table for enabling you to study how monthly payments, months to pay and interests vary with each other.
The features and capabilities of the app has been summarized as follows -
- Spreadsheet like interface. Little or no training required.
- Includes credit card details and get an estimation of your payoff time period and amount for as many as four credit cards, gas card and department store card
- Keep a log of payments and their corresponding payoff periods separately for different credit cards.
- Enter your current balance and interest rate. Then, enter a monthly payment to calculate how many months it will take to pay off the credit card, or enter the payoff goal to calculate what your monthly payment must be to meet that goal.
- Estimate the total interest that will be paid by the time the balance is paid off.
- Calculate the interest-only payment ,which represents the amount that you must exceed in order to payoff your card debt.
- Ability to include notes about the card payments, payoff periods along with the calculations.
- Locally save your calculations as a file and edit them easily.
- Ability to email and get advice from your family, colleagues or friends. Alternatively, you can email the details to yourself.
A seamless app to enable you to easily manage your credit cards finances.
We wish to scale the Cards Payment app and develop more apps to enable you to be a better caretaker of your personal finances. If you wish to see specific features that could make the app more productive for you to use, please write to us at [email protected]. Looking forward to hear from you.