Credit Card Minimum Payment Calculator

Credit Card Minimum Payment Calculator

Do you want to pay the minimum payments on your credit cards? Our credit card minimum payment calculator can alert you about the time it will take to fully repay the credit cards in case you go with the minimum payments only. JavaScript must be available to view this calculator in your device. You may also need to click on the “Allow Blocked Content” if you are browsing with Internet Explorer.
Credit card balance
Remaining balance on the credit card.
Credit card rate
Rate of interest applicable on your credit card loan. If this rate is comparatively lower, your term length to repay the loan will be comparatively higher.
Minimum payment
Percentage of the outstanding credit balance that should be paid at minimum. But this amount can’t be less than 15. The more you pay each month, the shorter will the payoff time become.
Monthly payment
The amount of initial monthly payment. This amount is calculated on the outstanding credit balance as a percentage rate.
Balance payoff
Total time it will take to fully pay off the credit card loan if you make only the minimum monthly payments.
Total payments
Total dollar amount you should pay on the credit card loan if you pay off the loan by minimum payments only. As the minimum payment increases the repayment time, it will increase the amount of interest and total dollar payments.
Summary
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Software Name
Credit Card Minimum Payment Calculator
Operating System
IOS, ANDROID, WINDOWS, MAC
Software Category
CALCULATOR
Price
FREE
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