Hey guys
So trying to be an adult after graduating college I got my first credit card. I'm trying to learn everything about it and its benefits and whatnot since thats not something I really learned in my schooling.
I am looking to upgrade my monitor and get the 34" Alienware Ultrawide 3440x1440 monitor. That monitor is $999.99 US. Lets say in my next billing cycle I don't want to pay off that $999.99 balance right away. Hypothetically I want to break it down paying it off over 5 months. Lets say my first month I pay $200 (over 5 mo period). In my next billing cycle will I have an outstanding balance of $800 + my interest plus whatever other balance I may have? That is technically over the minimum payment so I would be fine for the billing cycle and more.
Then the following months if I do the same $200 payments, I would have $600 + interest, $400 + interest, and so on?
Thanks and I'm sorry if this seems like a DUH question.