Credit Card Minimum-Payment Plan Calculator
Simulate a percentage-of-balance payment with a dollar floor.
Your result
FINANCIALEnter your values and select calculate.
On this page How it works & practical examples
How to use the Credit Card Minimum-Payment Plan Calculator
Simulate a percentage-of-balance payment with a dollar floor. Interest is added monthly on the starting balance, and the final payment is capped at the amount due.
The calculation
Worked example
At 0% interest, 100% monthly payment pays a $1,000 balance in one month; smaller percentages produce declining payments until the floor applies.
Assumptions and limits
Card contracts use different minimum formulas and daily accrual. No new spending or fees; non-declining balances or schedules beyond 1,200 months are rejected.
Common questions
Which inputs should I use?
Simulate a percentage-of-balance payment with a dollar floor. Interest is added monthly on the starting balance, and the final payment is capped at the amount due.
What does the result exclude?
Card contracts use different minimum formulas and daily accrual. No new spending or fees; non-declining balances or schedules beyond 1,200 months are rejected.