Credit Card Minimum Payment Calculator
Estimate the minimum payment your credit card issuer will require.
Results are estimates; check with your card issuer for exact payment requirements.
Examples
- Balance 1000 USD, Rate 2%, Min Payment 25 USD ⇒ 25 USD
- Balance 5000 USD, Rate 1.5%, Min Payment 25 USD ⇒ 75 USD
FAQ
What is the percent of balance?
It's the rate issuers apply to your balance to calculate the minimum payment.
Does paying only the minimum accrue interest?
Yes, interest continues to accumulate on the remaining balance.
What happens if I pay less than the minimum?
You may face late fees and potential penalty interest rates.
Do issuers have different minimums?
Yes, terms vary across credit card companies.
Additional Information
- Many cards charge 1–3% of the balance as the minimum payment.
- Paying more than the minimum reduces interest costs.