Credit Card Minimum Payment Calculator

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Enter your rate and balance information to see the benefits of paying more than your minimum credit card payment.

Your minimum payment is not enough to reduce your debt. The minimum payment on credit card debt is calculated as a percentage of your current balance. The minimum payment drops as your balance is paid, but thanks to the magic of compounding, you'll end up paying for a long, long time.

Calculate the Cost of Paying the Minimum


What is your credit card balance? (no commas)	$
What is the interest rate on your credit card? *
* Find the best interest rates in your area for more personalized results.
How is your minimum payment calculated?
Your minimum payment:	$
What fixed payment could you make each month?	$
Select a payment schedule based on:		Minimum payment
Select a payment schedule based on:		Fixed payment

The information provided by these calculators is for illustrative purposes only. The information entered may vary from your actual loan, mortgage, investment, or savings results. Interest rates are hypothetical and are not meant to represent any specific investment. Rates of return will vary over time, particularly for long-term investments. The calculated results are not guaranteed to be accurate and are in no way endorsed, offered or guaranteed by FastFind™.

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