Credit Card Minimum Payment Calculator
See your credit card minimum payment in seconds
Result
How to use
- Enter your values in the fields above.
- Press Calculate to see your result instantly.
- Use the Share button to copy a link to your result.
About this calculator
Most U.S. issuers calculate the minimum payment as whichever is larger: a small percentage of the statement balance (commonly 1-3%) plus that month's accrued interest, or a fixed floor amount (often $25-35) meant to guarantee the balance actually shrinks over time. This calculator reproduces that greater-of comparison.
Card issuers must disclose this formula under the CARD Act, and it matters far beyond the sticker-shock of a small monthly number: paying only the minimum on a high-APR balance can stretch payoff into decades and multiply the total interest paid many times over, which is exactly why the number is worth checking before deciding to pay more.
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