Credit Card Minimum Payment Calculator

See how long it takes and how much interest you pay if you only make the credit card minimum payment each month.

Enter values

Result

Time to pay off

9 yr 4 mo

Many issuers set the minimum at 1% of the balance plus interest (or a flat floor). Paying only the minimum keeps you in debt for years.

See how long it takes and how much interest you pay if you only make the credit card minimum payment each month.

Also known as: minimum payment calculator, only paying minimum, minimum due.

Enter balance, apr, minimum payment (% of balance), minimum payment floor.
The result updates instantly as you type — press Calculate (or Enter) at any time.
Review the breakdown shown under the main result.
Use Copy result or Share to save the answer or send a link with your inputs.

Minimum = max(floor, 1–3% of balance + interest)

Using the values pre-filled in the calculator above:

the calculator returns: