Credit Card Minimum Payment Calculator

Use our Credit Card Minimum Payment Calculator to see what your card’s minimum payment is and what paying only the minimum really costs.

Card issuers usually set the minimum as a percentage of the amount due, or as a small percentage of the balance plus that month’s interest and fees, with a lowest amount such as 25 or 35.

Enter your balance and your card’s rule to estimate this statement’s minimum and how much of it actually reduces what you owe.

Then see how long it takes to clear the card if you pay only the minimum each month — as the balance falls, so does the payment, which is why it can take many years — and how much time and interest you save by paying a little extra or by keeping your first payment the same every month. The minimum printed on your statement is the one that counts. To see how much sooner a fixed monthly payment clears the card, use our Credit Card Payoff Time Calculator; to see what missing the minimum could cost, our Credit Card Late Payment Cost Calculator.