Finance
Credit Card Minimum Payment Calculator
Most card minimums are 1% of balance + interest. Paying only the minimum keeps you in debt for decades.
Years to payoff
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- Total interest
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- Total paid
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- 2x payment payoff
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FAQ
Why does minimum payment trap people? +
The minimum barely covers interest. Tiny progress + compounding = decades to clear a few thousand.
Best strategy? +
Pay 2-3x the minimum or transfer to a 0% balance-transfer card and aggressively pay off during the intro period.