Credit Card Minimum Payment Calculator

See how long it takes to pay off your credit card using only minimum payments.

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Credit Card Details

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Minimum Payment Impact

Initial Minimum Payment$100
Time to Pay Off43.6
Total Interest Paid$20,151
Total Amount Paid$25,151

Paying only the minimum can cost you $20,151.45 in interest and take 43.6 years to pay off. Consider paying more than the minimum each month to save money and time.

How it works›

Model and assumptions. Accrues monthly interest, makes required payments and allocates the available extra budget using the selected payoff order. Freed payments roll into later debts where modeled. Rates and minimum-payment rules are held as entered; new borrowing, fees and lender changes can extend payoff.CFPB: money and debt worksheetsOpenStax: annuity formulas