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Minimum Credit Card Payment Calculator

Typical monthly minimum and interest portion.

Estimate this month's minimum credit card payment using a typical 1% balance + interest formula, and the share of that payment going to interest.

Nadia Almasri By Nadia Almasri
Published Last reviewed 1 min read

Inputs

$
%
$

Results

Enter values and click Calculate to see results.
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How to use this calculator

  1. Fill in the inputs above using the units you already have.
  2. Values update automatically as you type — no submit button needed.
  3. Hover any result row for the underlying formula and intermediate values.

Formula

Minimum = max(floor amount, 1% of balance + this month's interest). Interest = balance × APR / 12.

In depth

Estimate this month's minimum credit card payment using a typical 1% balance + interest formula, and the share of that payment going to interest.