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Credit Card Minimum Payment Interest Calculator V2
How much interest will you end up paying if you only pay your credit card bill's minimum? Find out with this calculator. You may be quit shocked as to how much extra money this can add up to. It may inspire you to take further steps to pay them off asap.

On your credit card bill statement there is something along the lines of "your minimum payment will be 3% of the balance or $15, whichever is higher." These amounts you enter in Row 3 and Row 4.

Enter the dollar amount charged:
Enter the annual interest rate:
(3) Enter the minimum percent payment amount:
(4) Enter the minimum dollar payment amount:
Total interest charges you will pay:
Total number of payments you will make:
Total number of years until debt is paid off:
Estimated foregone interest earnings:
Total Estimated Opportunity Cost:
Various Calculators