Credit Card Minimum Payment Interest Calculator
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).
Enter Dollar Amount Charged:
Enter Annual Interest Rate (APR):
Enter Minimum Payment Percent:
(Check your statement -- usually 2 or 3 percent)
Minimum Minimum Payment:
(Check your statement -- usually 10 or 15 dollars)
Total Interest Charges:
Number of Monthly Payments:
Total Number of Years:
> Credit Card Minimum Payment Calculator
More Credit Card Calculators
Credit Card Principal / Interest Calculator
-- how much of your current credit card payment is being applied to the principal balance and how much is pure interest.
Credit Cards: Fixed vs. Minimum Payment Calculator
-- How much interest can you save if you start making fixed payments on your credit card rather than the minimum payment.