CREDIT CARD MINIMUM CALCULATOR
INSTRUCTIONS
This calculator is designed to show you how long it will
take to pay off your credit card and how much interest you will pay if you
only make the minimum monthly payment.
- From your most recent credit card statement, enter
your balance, annual interest rate and minimum payment requirements.
- Click once on the "Calculate" button to
calculate your result.
Click here to try our other Credit Card Calculators.
NOTES
This calculator is applicable to both personal and business credit
cards. Minimum payment requirements can usually be found on your
credit card statement as part of the terms and conditions. This is not
the amount shown as the minimum payment due for that month but rather the
basis for calculating all minimum monthly payments in percentage and dollar
terms.
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