Credit Card Minimum Monthly Payment Calculator
"What's my credit card minimum monthly payment?" is not a question with a simple answer. Typically, your minimum monthly payment is either: 1) a fixed dollar amount, or, 2) a small percentage of your balance. Expect to pay the greater amount of the two. However, most credit card companies use different calculations to determine what they charge for a minimum payment. Input information below to determine how to calculate credit card payments and compare different scenarios for various credit cards.
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.