HP12c Credit Card Payment Calculation

[Dave Britten]

Credit cards don't usually have a straight percentage of the balance as a minimum payment, do they? With my wife's credit card, which we often use for hotel rooms and travel, I think the bill usually just says there's a $35 minimum payment. It might be something like the greater of $35 or some percentage of the balance, unless the balance is less than $35, in which case it's due in full. I'm not really sure, as I haven't scrutinized the terms; we just pay it in full whenever the bill shows up.

In any case, those might be things to consider when developing such a routine.