Question 1

Why does the minimum due last so long?

Accepted Answer

A small percent of a shrinking balance often barely covers interest. That is the trap. A fixed pay above interest closes the card.

Question 2

Which APR should I type?

Accepted Answer

Use the purchase APR on your statement, not a teaser or cash-advance rate, unless you are modelling those draws.

Question 3

Is this a bank quote?

Accepted Answer

No. Fees, GST on fees, and statement cycles vary by issuer. Confirm with your card statement.