CC Late payments and interest charges

[NicheAsian]

I have a bank account in Indonesia, but just in general I want to know how much I will be charged in interest and late charges.

Details: My cc limit in one month is 50,000,000 Rp. My spending this month was 54,000,000 Rp. The minmum payment is 24,300,000 Rp due 03/02/2025. Say I am unable to pay the minmum payment by the due date, and I make no additional purchases with this card, how much will i have to pay in total if I am late on this payment by 1 month or 2 months ?

Additional question I have is, how will my situation change, if I am able to pay the minimum payment by the due date but not the full amount for 1 month or 2 months with no additional spending ?

Could anyone help me calculate or breakdown what will happen ? The bank is Danamon.

 

[marcus]

... Say I am unable to pay the minmum payment by the due date, and I make no additional purchases with this card, how much will i have to pay in total if I am late on this payment by 1 month or 2 months ?

According to https://www.danamon.co.id/id/Personal/Lainnya/Tarif-Biaya-Kartu-Kredit , they charge 1.75% interest per month . But Google's IA says it is 2.95% per month for Danamon Platinum Card .
Late payment fine : 3% of total bill or minimum Rp50,000 and maximum Rp150,000 per month , ...

My bank (not Danamon) once charged me the interest starting from the day I bought the products , so its a headache to calculate the interest for each item you bought .

Additional question I have is, how will my situation change, if I am able to pay the minimum payment by the due date but not the full amount for 1 month or 2 months with no additional spending ?

I guess that if you pay the minimum payment next 03 February , your card will not be blocked and , of course , the interest will continue being added to your debt .

https://www.nerdwallet.com/article/credit-cards/credit-card-interest-calculator (credit card interest calculator)

https://www.cnbc.com/select/how-to-calculate-credit-card-interest/ (how is cc interest calculated)

 

[Jaime C]

Don’t pay for a few months, and the collections unit will start banging on your door!

 

[harryopal1]

Don’t pay for a few months, and the collections unit will start banging on your door!

Something to be avoided. Watched a documentary recently about Indonesian debt collection and the collectors are mostly tough guys who have served time.

 

[nd_eric_77]

I am a bit confused about the amount of the minimum payment. My minimum payment is usually about 5% of the total balance, but the OP's minimum is almost 50% of the total. The only time the minimum on mine was higher than about 5% of the total was when I bought items on a 12-month repayment plan (back when buying AC units for our house). This caused the minimum to be 5% of total balance plus the amount of the installment.

 

[marcus]

... My minimum payment is usually about 5% of the total balance, but the OP's minimum is almost 50% of the total...

I didn't notice that , but you are probably right . The link from Danamon that I posted also says 5% and my credit card bill also says it is 5% . NisheAsian probably was mistaken .

 

[Helpful Herbert]

Don't ever buy stuff on credit that you can't pay back the next month. Paying credit card interest is like putting your cash on the floor and setting fire to it
{of course if you are in a life or death emergency then it's different}