Credit Card Minimum Due Calculator
See the real time and cost of paying only the minimum due on a revolving credit card balance. Free.
Illustrative — assumes no new purchases are added to the card and a fixed APR/minimum-due formula. Real card issuer terms vary; check your card's statement for the exact method.
Credit Card Minimum Due
A credit card minimum due calculator shows the real time and cost of paying only the minimum due on a revolving balance, illustrating how interest compounds on the unpaid amount.
Each month, interest accrues on the outstanding balance at the card's APR, the minimum due (a percentage of the balance) is paid, and the remainder rolls forward — repeated until the balance reaches zero. Illustrative: assumes no new purchases are added.
Input: ₹50,000 outstanding balance, 3.5% monthly interest, paying only the minimum due each month
Result: Paying only the minimum can take years to clear and can cost more in interest than the original balance itself
Why is credit card interest so much higher than a personal loan?
Credit card debt is unsecured and revolving, which banks price at a much higher APR (often 36-45% annualised) than secured or fixed-tenure loans.
Does this include new purchases made during the payoff period?
No — this is illustrative and assumes no new spending on the card while you're paying down the existing balance; real payoff time is longer if you keep charging the card.
Credit Card Minimum Due Calculator: how it works
This calculator shows the cost of paying only the minimum due on a credit card — how many months clearance takes and how much interest accrues at typical card rates.
Formula
Each month: balance = (balance − payment) × (1 + monthly rate), where the payment is the greater of the minimum-due percentage and a floor amount.