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Credit Card Minimum Payment Calculator

Get a Credit Card Minimum Payment Calculator branded for your website! Colorful, interactive, simply The Best Financial Calculators!

Use this calculator to determine how long it will take you to payoff your credit cards if you only make the minimum payments. Enter your credit card information below and press "View Report" to see your payoff details.

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For more information about these financial calculators please visit: Dinkytown.net Financial Calculators from KJE Computer Solutions, Inc.

By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.

Financial Calculators from
Dinkytown.net

Credit Card Minimum Payment Calculator

*indicates required.

Credit Card #1

Monthly Payment: $0.00

Credit card balance:*This entry is required.Enter an amount between $0.00 and $1,000,000.00

Credit card rate:*This entry is required.Enter an amount between 0% and 48%

Minimum payment:*This entry is required.Enter an amount between 0% and 20%

Monthly payment:

Balance payoff:

Total payments:

Credit Card #2

Monthly Payment: $0.00

Credit Card #3

Monthly Payment: $0.00

Credit Card #4

Monthly Payment: $0.00

Credit Card #5

Monthly Payment: $0.00

**FIG_GRAPHTITLE** Line Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Debt payoff is estimated at KJE1

Credit Card Minimum Payment Calculator Definitions

Credit card balance

Your current balance on your credit card.

Credit card rate

Interest rate for your credit card. The length of time to pay off this credit card may be much greater than calculated if you enter a low promotional interest rate that is only good for a short period of time.

Minimum payment

This is the percent of your outstanding balance that will be used to calculate your minimum payment for the month. Your monthly payment is calculated as the percent of your current outstanding balance you entered, but will never be less than 15. Your monthly payment will decrease as your balance is paid down. This can greatly increase the length of time it takes to pay off your credit cards.

Monthly payment

This is your initial monthly payment. For credit cards, this is calculated as your minimum payment. Your monthly payment is calculated as the percent of your current outstanding balance you entered. Your monthly payment will decrease as your balance is paid down. This can greatly increase the length of time it takes to pay off your credit cards.

Balance payoff

This is the total length of time required to pay off this credit card debit if you use only minimum payments. Your monthly payment is calculated as the percent of your current outstanding balance you entered. Your monthly payment will decrease as your balance is paid down. This can greatly increase the length of time it takes to pay off your credit cards.

Total payments

This is the total you will pay to pay of this credit card debt if you use only minimum payments. Your monthly payment is calculated as the percent of your current outstanding balance you entered. Your monthly payment will decrease as your balance is paid down. This can greatly increase the length of time it takes to pay off your credit cards.