Retirement Savings and Planning

Tax Calculators

Savings Calculators

Personal Finance

• Get the Discover® Platinum Card

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 Copyright © 1997-2005 Web Winder Site Traffic Magnets. All rights reserved. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.