Financial Tools
Minimum Payment Calculator
Understand how minimum payments affect your payoff time. The minimum shrinks as the balance falls, so most of each payment goes to interest for years.
Current Balance
Interest Rate (APR)
Minimum Payment Rule
Compare With a Fixed Payment
Values shown are examples. Card issuers set their own minimum payment rule, check your statement and pick the closest one.
Minimum Payment Breakdown
| First Minimum Payment | $0 |
| Time to Pay Off | n/a |
| Debt-free By | n/a |
| Total Paid | $0 |
| Total Interest at Minimum | $0 |
| With the Fixed Payment Instead | |
| Time to Pay Off | n/a |
| Total Interest | $0 |
| You Save | n/a |
For illustration only, not financial advice. Results are estimates based on the numbers you enter and do not constitute an offer, rate quote or approval.
Minimum payments are a card problem, not a math problem.
Compare cards on published APR, fees and intro offers.
Most Used Calculators
