Credit Card Minimum Payment Interest Calculator

Dollar
Amount
Charged 
Annual
Interest
Rate 
C
Minimum
Payment
Percent 
D
Minimum
Minimum
Payment 
  
Interest
Charges 
Number of
Payments 
Total #
of Years 
 

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).

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 Column C and Column D respectively.
DISCLAIMER: We are not responsible for incorrect calculations obtained by using this free calculator.

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