Minimum Payment Calculator

Enter your credit card balance and interest rate to see how long it will take to pay off at the minimum payment, how much interest you will pay in total, and how much you could save by paying just a little more each month. A real eye opener for anyone carrying a credit card balance.

If you have any comments or would like additional tools, please leave a comment at the bottom of this page.

← See All 2 Free Finance Tools
Minimum Payment Calculator
Welcome to the Minimum Payment Calculator. Enter your current credit card balance and your annual interest rate (APR), and I will show you how long it will take to pay off at the minimum and how much you could save by paying more.
This tool is for general information only and does not constitute financial advice. For advice on your specific situation, consult a qualified financial adviser.
Any names and personal details are entirely optional. You do not need to disclose any personal information to use this tool. If the tool produces a draft for you, you can fill in any specific details afterwards.
Ask a Question or Comment

Your email won't be published. Comments are moderated before appearing.