This credit card minimum payment calculator estimates the smallest amount due each month from your balance, interest rate, and the issuer’s minimum rule. Enter the values above.
Typical rule
Minimum = greater of ( a fixed floor, e.g. $25 )
and ( percent of balance + monthly interest )
Example
$2,000 balance, 24% APR, 1% + interest: 1% of 2,000 ($20) + monthly interest ($40) = $60.
Why pay more than the minimum
Paying only the minimum stretches repayment for years and multiplies the interest. Paying extra toward principal clears the balance far faster.
Good to know
These results are estimates for educational purposes only and are not financial advice. Rates, fees, and terms vary — confirm figures with a licensed professional before making decisions. Last updated: August 2026.
Frequently Asked Questions
How is a credit card minimum payment calculated?
Usually the greater of a fixed floor (about $25-$35) or a small percent of the balance plus that month’s interest.
Why is paying the minimum bad?
It maximizes interest and can take years to clear the balance, since little goes toward principal.
Does the minimum change with the balance?
Yes. The percentage-based part rises and falls with your balance each month.