Jordan Lee's monthly credit-card statement, shown as a full billing statement. The account summary shows a new balance of $8,000.00 on a $9,000 credit limit, a 24.99% variable APR, $166.60 of interest charged this period, and a minimum payment of $200.00 due. The highlighted section is the federally required minimum-payment warning box: because the minimum is 2.5% of the balance and shrinks as the balance falls, paying only the minimum would take about 42 years and cost about $42,560 in total, while paying about $318 a month would clear the balance in about 3 years for about $11,449 — a saving of roughly $31,111. Marked a sample for learning.
Everyday Rewards Card · Monthly Statement
Jordan Lee · acct ending 4417 · billing period May 6 – Jun 5, 2026
SAMPLE — FOR LEARNING
Account summary
Previous balance
$7,910.00
Payments / credits
− $200.00
Purchases
+ $123.40
Interest charged
one month at 24.99% on the balance
+ $166.60
Fees
$0.00
New balance
$8,000.00
Credit limit
$9,000.00
Available credit
$1,000.00
Payment information
New balance
$8,000.00
Minimum payment due
2.5% of your balance
$200.00
Payment due date
late fee up to $43 if missed
Jul 2, 2026
Annual percentage rate (APR)
Purchases (variable)24.99%
Cash advances 29.99% · no grace period
Minimum Payment WarningREQUIRED BY LAW
If you make no more charges using this card and each month you pay only the minimum payment, you will pay off the balance shown on this statement in about:
If you pay only the minimum (2.5%, declining)
~42 years
Total paid ≈ $42,560
If you pay $318 / month
3 years
Total paid ≈ $11,449
Paying $318 instead of the minimum saves you about $31,111 in interest.
Sample for learning. Jordan Lee, the card, and every figure here are invented and refer to no real person or account. The Minimum Payment Warning box is required on real US credit-card statements by the CARD Act; the exact numbers a real card shows depend on its minimum-payment formula and APR.
Jordan's credit-card statement: an $8,000 balance at 24.99% costs $166.60 in interest in a single month, and the law-required warning box shows the trap — ~42 years and ~$42,560 at the declining minimum, versus 3 years and ~$11,449 at $318 a month.
