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Minimum Payment Calculator

Card minimums shrink as your balance shrinks, which is why paying only the minimum can take decades. Enter your balance, APR and how your issuer sets the minimum (it's on your statement or card agreement).

Card balance$APR (interest rate)%How your minimum is set% of balance + that month's interest% of balance (interest included)Percent of balance%Often 1% + interest, or 2%–3%.Lowest minimum$The minimum never goes below this (often $25–$40).Calculate

Not financial advice. This calculator gives estimates for general education only, based on the numbers you enter and simple assumptions (rates stay the same, no new charges or fees unless noted). Your card issuer's statements are the real numbers. Everything is calculated in your browser — nothing you type is sent or saved. See our Advertiser Disclosure.

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