Credit Card Minimum Payment Calculator

See how long it takes to pay off a credit card making only the minimum payment, the interest it costs, and how much faster a fixed payment is.

Result

Paying only the minimum takes

16 years 9 months

Interest paying the minimum: $8,441.75
First minimum payment: $150.00
With the fixed payment: 3 years 0 months
Interest with the fixed payment: $2,000.56
Interest saved: $6,441.18