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| Just how much will that credit card purchase end up costing you if you only make the required minimum monthly payment. Here is a minimum payment interest calculator that will show you how much interest you will end up paying if you make only the minimum required payment on your credit card on a monthly basis. It will also tell you how many minimum payments you will make before your balance is paid off.
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| Instructions: Enter your credit card balance, the interest rate, minimum payment percent and minimum monthly payment. Once you have entered in all of the above information click "Compute" and your done. Based on that information that you entered this calculator will figure just how much interest you will end up paying if you only make the minimum payment on a monthly basis. Also it calculates the total number of monthly payment you will make and the number of years it will take to pay the credit card off. |
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The Credit Card Minimum Payment Interest Calculator is a free service and the information and results shown should only be used for informational purposes only. This calculator is considered reliable, but the results can not be guaranteed. Before applying for any credit card offer, we encourage you to seek advice from qualified professionals regarding any of your personal finance issues.
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