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Credit Card Minimum Payment Calculator

See how long paying only the minimum takes, and the total interest, versus a fixed payment.

Tool inputs stay in your browser · optional AI search sends your query

Good to know: Minimum = the higher of (minimum % × balance) and the floor amount. Check your card’s exact minimum-due rule. Estimate for planning only, based on the numbers you enter. Your bank or provider’s statement is the final word.

How to use it (step by step)

  1. 1Fill in the boxes: “Balance”, “APR (%)”, “Minimum payment (% of balance)”, “Minimum payment floor”, “Compare: fixed monthly payment”. Example numbers are already there so you can see how it works; replace them with yours.
  2. 2The result updates instantly as you type (on a phone it is below the boxes).
  3. 3The bold line is the main answer. Tap Copy next to any value to copy it.

Words to know

Interest
The extra money you pay for borrowing, like a rental fee for using someone else’s money.
Minimum payment
The smallest amount the bank lets you pay this month. Paying only this keeps you in debt for years.
APR
Annual Percentage Rate: the yearly interest rate. Philippine cards often show a monthly rate instead; ×12 gives the APR.
Percentage
A part out of 100. 25% of 200 = 50.
DOCX (Word file)
The file type Microsoft Word, Google Docs and WPS use for editable documents.

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