Payments Reminder
iQuick Debt Payoff
Debt Planner & Calculator
Quick Snowball LE
Financial Calculator Pro
Totally Debt Free Lifestyle
YourBus MBTA
Radio Darvish (Free)
YourBus AC Transit
YourBus Unitrans
YourBus UMD Transit
++ 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.
Tags: credit card payoff, "payoff spreadsheet", multiple credit card payoff spreadsheet, minimal calculator android, how to compute minimum payment credit card android app, discover credit card payoff calculator, credit card payoff plan, credit card payoff lowest balance calculator, credit card payoff calculator blog, credit card payoff calculator.
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.
Tags: credit card payoff, "payoff spreadsheet", multiple credit card payoff spreadsheet, minimal calculator android, how to compute minimum payment credit card android app, discover credit card payoff calculator, credit card payoff plan, credit card payoff lowest balance calculator, credit card payoff calculator blog, credit card payoff calculator.
Recently changed in this version:
Version 1.3:
- Fixed force close when initial balance was set to 0
- Updated add/edit account form so form error info is displayed correctly
Version 1.2:
- The absolute minimum payment can now be selected from 20,15,10, and 5
- Fixed problem where you couldn't delete two accounts in a row
Version 1.1: Made aesthetic touch ups
Version 1.0: Initial release
Comments and ratings for Credit Card Payoff Calculator
(48 stars)
by tina quayle on 27/04/2013
The minimum payments is unrealistic as many will be higher than 20.00 plus it combines all payments. That doesn't usually happen unless you roll your payments from cc to another which most people will only do if advised by a financial expert, so even the
(48 stars)
by Christopher Haggard on 25/02/2013
Why not make it where we can enter a minimum payment? $20 is way too low. Works well other than that problem.
(48 stars)
by A Google User on 19/05/2012
Why can't I just type the actual amount? Fix it please!
(48 stars)
by joel on 03/12/2011
Minimum payment fail
Minimum payment options are unrealistic and limited, not allowing you to develop a payment plan that meets minimum payment requirements
(48 stars)
by jill on 11/11/2011
Suck
Not versatile at all