Web Winder Website Calculators: Free Calculators: Credit Card Minimum Payment Interest Calculator

Credit Card Minimum Payment Interest Calculator

This calculator will show you how much interest you will end up paying if you make only the minimum required payment on your credit card bill. It will also tell you how many minimum payments you will make before your balance is paid off (up to a maximum of 600 payments).
Instructions: Somewhere in your credit card disclosure statement the card company will tell you something like "your minimum payment will be 2% of the balance or $10, whichever is higher. These are the figures you will enter in Column C and Column D respectively.

Dollar
Amount
Charged

Annual
Interest
Rate

C
Minimum
Payment
Percent

D
Minimum
Minimum
Payment

Interest
Charges

Number of
Payments

Total #
of Years

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Free for Your Website: Credit Card Minimum Payment Interest Calculator

Terms of Use: You may install this Credit Card Minimum Payment Interest Calculator on your site for free, so long as my copyright info remains embedded in the code and the link back to my website is visible on the page you install the calculator on. You will find a link to the installation page located just beneath the calculator on this page.
If you would like to purchase a license for the latest commercial grade (professional) version of this calculator, please visit our Commercial Calculator Center.
If you would simply like to use an upgraded, consumer-oriented version of this calculator for your own personal use, I invite you to try the Credit Card Minimum Payment Calculator on our free online calculator use website -- designed specifically for consumers.

Click here for the installation help page for this calculator.

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