Credit Card Minimum Payment Interest Calculator

This calculator will show you how much interest you will end up paying if you make only the
required payment on your credit card bill. It will also tell you how many minimum
you will make before your balance is paid off (up to a maximum of 600 payments).

Somewhere in your credit card disclosure statement the card company will tell you
something like "your minimum payment will be 2% of the balance or $10, whichever
is higher. These are the figures you will enter in Column C and Column D respectively.

Dollar Amount Charged

Annual Interest Rate

Minimum Payment

Minimum Payment

Total Below

Interest Charges

Number of Payments

Total # of Years

More Of Tim Ross's Advisor Tools Available Below