Minimum Payment Credit Card Calculator

Use free online calculators to calculate your way to financial control!



This calculator will show you how much interest you will end up paying if you make only the minimum required payment on your credit card bill. It will also tell you how many minimum payments you will make before your balance is paid off (up to a maximum of 600 payments).

Instructions: Somewhere in your credit card disclosure statement the card company will tell you something like "your minimum payment will be 2% of the balance or $10, whichever is higher. These are the figures you will enter in Item (C) and Item (D) respectively. Please note, you must have javascript enabled in order to use this free calculator.

Balance Amount on Credit Card

Annual Interest Rate (APR)

Minimum Payment Percent (C)

Minimum Payment Amount (D)

No entry required beyond this point. Click the "Compute" button and the results will show here:

Interest Charges Payable from now until Payoff

Number of Payments to Payoff

Total Number of Years to Payoff

   
Credit Card Minimum Payment Interest Calculator scripted and copyright © 1997-2004 Web Winder Site Traffic Magnets All rights reserved.

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Minimum Payment Credit Card Calculator.