Credit Card Minimum Payment Interest Calculator


This calculator will show you how much interest you will end up paying if you make only the minimum required payment on your credit card bill — that is, assuming you stop charging any more to it. Learn more about debt management and get a free counseling session with an experienced and certified debt counselor by filling out the form to the right.

In your credit card disclosure statement the card company will tell you “your minimum payment will be #% of the balance or $##, whichever is higher.” These are the figures you will enter in Row #3 and Row #4 respectively.


Enter the dollar amount charged:

Enter the annual interest rate:

(3) Enter the minimum percent payment amount:

(4) Enter the minimum dollar payment amount:


Total interest charges you will pay:

Total number of payments you will make:

Total number of years until debt is paid off:

Estimated foregone interest earnings:

Total Estimated Opportunity Cost: