Credit Card Minimum Payment Calculator

Estimate repayment costs when making the required minimum payment. Use the Credit Card Repayment Calculator to try different payment amounts.

Tip: If you're strapped for cash, making just twice the minimum payment will dramatically reduce your cost (try it below).



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Twice the minimum

This calculator uses a common minimum payment formula of each month's interest plus 1% of the outstanding balance OR $25 (whichever is higher). Minimum payment policies can vary by lender.