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Credit Card Minimum Payment Calculator

How long paying only the minimum takes and what it costs, compared with a fixed payment and with paying it off in 3 years.

$
%
Most large US card issuers use interest and fees plus 1% of the balance. Your card agreement says which.
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Used when the minimum is a percent of the balance.
$
The smallest minimum your card asks for, usually $25 to $40. Below that you pay the whole balance.
Reset

Example using typical numbers. Change any value to see your own.

Paying only the minimum takes 18 years 8 months and costs $10,677.27 in interest.

Three ways to pay
Minimum only Keep paying $186.88 Paid off in 3 years
Monthly payment $186.88, then less $186.88 $249.93
Time to pay off 18 years 8 months 4 years 9 months 3 years
Total interest $10,677.27 $4,123.80 $2,497.12
Total paid $17,177.27 $10,623.80 $8,997.12
Debt-free by Jul 2045 Aug 2031 Nov 2029
Card balance

The minimum shrinks as the balance does, which is why paying only the minimum takes so long. Keeping your payment at this month's minimum, even as the minimum falls, cuts the time dramatically.

Your statement must show how long minimum payments take and the monthly payment that clears the balance in 3 years (Credit CARD Act of 2009). Those figures may differ a little from these, because issuers use daily interest and their exact minimum formula.

Minimum payment schedule
By year
YearPaidInterestPrincipalBalance
1$2,123.19$1,384.69$738.50$5,761.50
2$1,881.96$1,227.37$654.59$5,106.91
3$1,668.13$1,087.91$580.22$4,526.69
4$1,478.63$964.33$514.30$4,012.39
5$1,310.63$854.77$455.86$3,556.53
6$1,161.71$757.64$404.07$3,152.46
7$1,029.73$671.56$358.17$2,794.29
8$912.73$595.27$317.46$2,476.83
9$809.04$527.63$281.41$2,195.42
10$717.13$467.69$249.44$1,945.98
11$635.65$414.55$221.10$1,724.88
12$563.44$367.45$195.99$1,528.89
13$499.43$325.72$173.71$1,355.18
14$442.77$288.68$154.09$1,201.09
15$420.00$253.81$166.19$1,034.90
16$420.00$212.30$207.70$827.20
17$420.00$160.41$259.59$567.61
18$420.00$95.60$324.40$243.21
19$263.10$19.89$243.21$0.00
Every payment
Month Date PaymentInterestPrincipalBalance
1 Dec 2026 $186.88$121.88$65.00$6,435.00
2 Jan 2027 $185.01$120.66$64.35$6,370.65
3 Feb 2027 $183.16$119.45$63.71$6,306.94
4 Mar 2027 $181.33$118.26$63.07$6,243.87
5 Apr 2027 $179.51$117.07$62.44$6,181.43
6 May 2027 $177.71$115.90$61.81$6,119.62
7 Jun 2027 $175.94$114.74$61.20$6,058.42
8 Jul 2027 $174.18$113.60$60.58$5,997.84
9 Aug 2027 $172.44$112.46$59.98$5,937.86
10 Sep 2027 $170.71$111.33$59.38$5,878.48
11 Oct 2027 $169.00$110.22$58.78$5,819.70
12 Nov 2027 $167.32$109.12$58.20$5,761.50
13 Dec 2027 $165.65$108.03$57.62$5,703.88
14 Jan 2028 $163.99$106.95$57.04$5,646.84
15 Feb 2028 $162.35$105.88$56.47$5,590.37
16 Mar 2028 $160.72$104.82$55.90$5,534.47
17 Apr 2028 $159.11$103.77$55.34$5,479.13
18 May 2028 $157.52$102.73$54.79$5,424.34
19 Jun 2028 $155.95$101.71$54.24$5,370.10
20 Jul 2028 $154.39$100.69$53.70$5,316.40
21 Aug 2028 $152.84$99.68$53.16$5,263.24
22 Sep 2028 $151.32$98.69$52.63$5,210.61
23 Oct 2028 $149.81$97.70$52.11$5,158.50
24 Nov 2028 $148.31$96.72$51.59$5,106.91
25 Dec 2028 $146.82$95.75$51.07$5,055.84
26 Jan 2029 $145.36$94.80$50.56$5,005.28
27 Feb 2029 $143.90$93.85$50.05$4,955.23
28 Mar 2029 $142.46$92.91$49.55$4,905.68
29 Apr 2029 $141.04$91.98$49.06$4,856.62
30 May 2029 $139.63$91.06$48.57$4,808.05
31 Jun 2029 $138.23$90.15$48.08$4,759.97
32 Jul 2029 $136.85$89.25$47.60$4,712.37
33 Aug 2029 $135.48$88.36$47.12$4,665.25
34 Sep 2029 $134.12$87.47$46.65$4,618.60
35 Oct 2029 $132.79$86.60$46.19$4,572.41
36 Nov 2029 $131.45$85.73$45.72$4,526.69
37 Dec 2029 $130.15$84.88$45.27$4,481.42
38 Jan 2030 $128.84$84.03$44.81$4,436.61
39 Feb 2030 $127.56$83.19$44.37$4,392.24
40 Mar 2030 $126.27$82.35$43.92$4,348.32
41 Apr 2030 $125.01$81.53$43.48$4,304.84
42 May 2030 $123.77$80.72$43.05$4,261.79
43 Jun 2030 $122.53$79.91$42.62$4,219.17
44 Jul 2030 $121.30$79.11$42.19$4,176.98
45 Aug 2030 $120.09$78.32$41.77$4,135.21
46 Sep 2030 $118.89$77.54$41.35$4,093.86
47 Oct 2030 $117.70$76.76$40.94$4,052.92
48 Nov 2030 $116.52$75.99$40.53$4,012.39
49 Dec 2030 $115.35$75.23$40.12$3,972.27
50 Jan 2031 $114.20$74.48$39.72$3,932.55
51 Feb 2031 $113.07$73.74$39.33$3,893.22
52 Mar 2031 $111.93$73.00$38.93$3,854.29
53 Apr 2031 $110.81$72.27$38.54$3,815.75
54 May 2031 $109.71$71.55$38.16$3,777.59
55 Jun 2031 $108.61$70.83$37.78$3,739.81
56 Jul 2031 $107.52$70.12$37.40$3,702.41
57 Aug 2031 $106.44$69.42$37.02$3,665.39
58 Sep 2031 $105.38$68.73$36.65$3,628.74
59 Oct 2031 $104.33$68.04$36.29$3,592.45
60 Nov 2031 $103.28$67.36$35.92$3,556.53
61 Dec 2031 $102.25$66.68$35.57$3,520.96
62 Jan 2032 $101.23$66.02$35.21$3,485.75
63 Feb 2032 $100.22$65.36$34.86$3,450.89
64 Mar 2032 $99.21$64.70$34.51$3,416.38
65 Apr 2032 $98.22$64.06$34.16$3,382.22
66 May 2032 $97.24$63.42$33.82$3,348.40
67 Jun 2032 $96.26$62.78$33.48$3,314.92
68 Jul 2032 $95.30$62.15$33.15$3,281.77
69 Aug 2032 $94.35$61.53$32.82$3,248.95
70 Sep 2032 $93.41$60.92$32.49$3,216.46
71 Oct 2032 $92.47$60.31$32.16$3,184.30
72 Nov 2032 $91.55$59.71$31.84$3,152.46
73 Dec 2032 $90.63$59.11$31.52$3,120.94
74 Jan 2033 $89.73$58.52$31.21$3,089.73
75 Feb 2033 $88.83$57.93$30.90$3,058.83
76 Mar 2033 $87.94$57.35$30.59$3,028.24
77 Apr 2033 $87.06$56.78$30.28$2,997.96
78 May 2033 $86.19$56.21$29.98$2,967.98
79 Jun 2033 $85.33$55.65$29.68$2,938.30
80 Jul 2033 $84.47$55.09$29.38$2,908.92
81 Aug 2033 $83.63$54.54$29.09$2,879.83
82 Sep 2033 $82.80$54.00$28.80$2,851.03
83 Oct 2033 $81.97$53.46$28.51$2,822.52
84 Nov 2033 $81.15$52.92$28.23$2,794.29
85 Dec 2033 $80.33$52.39$27.94$2,766.35
86 Jan 2034 $79.53$51.87$27.66$2,738.69
87 Feb 2034 $78.74$51.35$27.39$2,711.30
88 Mar 2034 $77.95$50.84$27.11$2,684.19
89 Apr 2034 $77.17$50.33$26.84$2,657.35
90 May 2034 $76.40$49.83$26.57$2,630.78
91 Jun 2034 $75.64$49.33$26.31$2,604.47
92 Jul 2034 $74.87$48.83$26.04$2,578.43
93 Aug 2034 $74.13$48.35$25.78$2,552.65
94 Sep 2034 $73.39$47.86$25.53$2,527.12
95 Oct 2034 $72.65$47.38$25.27$2,501.85
96 Nov 2034 $71.93$46.91$25.02$2,476.83
97 Dec 2034 $71.21$46.44$24.77$2,452.06
98 Jan 2035 $70.50$45.98$24.52$2,427.54
99 Feb 2035 $69.80$45.52$24.28$2,403.26
100 Mar 2035 $69.09$45.06$24.03$2,379.23
101 Apr 2035 $68.40$44.61$23.79$2,355.44
102 May 2035 $67.71$44.16$23.55$2,331.89
103 Jun 2035 $67.04$43.72$23.32$2,308.57
104 Jul 2035 $66.38$43.29$23.09$2,285.48
105 Aug 2035 $65.70$42.85$22.85$2,262.63
106 Sep 2035 $65.05$42.42$22.63$2,240.00
107 Oct 2035 $64.40$42.00$22.40$2,217.60
108 Nov 2035 $63.76$41.58$22.18$2,195.42
109 Dec 2035 $63.11$41.16$21.95$2,173.47
110 Jan 2036 $62.48$40.75$21.73$2,151.74
111 Feb 2036 $61.87$40.35$21.52$2,130.22
112 Mar 2036 $61.24$39.94$21.30$2,108.92
113 Apr 2036 $60.63$39.54$21.09$2,087.83
114 May 2036 $60.03$39.15$20.88$2,066.95
115 Jun 2036 $59.43$38.76$20.67$2,046.28
116 Jul 2036 $58.83$38.37$20.46$2,025.82
117 Aug 2036 $58.24$37.98$20.26$2,005.56
118 Sep 2036 $57.66$37.60$20.06$1,985.50
119 Oct 2036 $57.09$37.23$19.86$1,965.64
120 Nov 2036 $56.52$36.86$19.66$1,945.98
121 Dec 2036 $55.95$36.49$19.46$1,926.52
122 Jan 2037 $55.39$36.12$19.27$1,907.25
123 Feb 2037 $54.83$35.76$19.07$1,888.18
124 Mar 2037 $54.28$35.40$18.88$1,869.30
125 Apr 2037 $53.74$35.05$18.69$1,850.61
126 May 2037 $53.21$34.70$18.51$1,832.10
127 Jun 2037 $52.67$34.35$18.32$1,813.78
128 Jul 2037 $52.15$34.01$18.14$1,795.64
129 Aug 2037 $51.63$33.67$17.96$1,777.68
130 Sep 2037 $51.11$33.33$17.78$1,759.90
131 Oct 2037 $50.60$33.00$17.60$1,742.30
132 Nov 2037 $50.09$32.67$17.42$1,724.88
133 Dec 2037 $49.59$32.34$17.25$1,707.63
134 Jan 2038 $49.10$32.02$17.08$1,690.55
135 Feb 2038 $48.61$31.70$16.91$1,673.64
136 Mar 2038 $48.12$31.38$16.74$1,656.90
137 Apr 2038 $47.64$31.07$16.57$1,640.33
138 May 2038 $47.16$30.76$16.40$1,623.93
139 Jun 2038 $46.69$30.45$16.24$1,607.69
140 Jul 2038 $46.22$30.14$16.08$1,591.61
141 Aug 2038 $45.76$29.84$15.92$1,575.69
142 Sep 2038 $45.30$29.54$15.76$1,559.93
143 Oct 2038 $44.85$29.25$15.60$1,544.33
144 Nov 2038 $44.40$28.96$15.44$1,528.89
145 Dec 2038 $43.96$28.67$15.29$1,513.60
146 Jan 2039 $43.52$28.38$15.14$1,498.46
147 Feb 2039 $43.08$28.10$14.98$1,483.48
148 Mar 2039 $42.65$27.82$14.83$1,468.65
149 Apr 2039 $42.23$27.54$14.69$1,453.96
150 May 2039 $41.80$27.26$14.54$1,439.42
151 Jun 2039 $41.38$26.99$14.39$1,425.03
152 Jul 2039 $40.97$26.72$14.25$1,410.78
153 Aug 2039 $40.56$26.45$14.11$1,396.67
154 Sep 2039 $40.16$26.19$13.97$1,382.70
155 Oct 2039 $39.76$25.93$13.83$1,368.87
156 Nov 2039 $39.36$25.67$13.69$1,355.18
157 Dec 2039 $38.96$25.41$13.55$1,341.63
158 Jan 2040 $38.58$25.16$13.42$1,328.21
159 Feb 2040 $38.18$24.90$13.28$1,314.93
160 Mar 2040 $37.80$24.65$13.15$1,301.78
161 Apr 2040 $37.43$24.41$13.02$1,288.76
162 May 2040 $37.05$24.16$12.89$1,275.87
163 Jun 2040 $36.68$23.92$12.76$1,263.11
164 Jul 2040 $36.31$23.68$12.63$1,250.48
165 Aug 2040 $35.95$23.45$12.50$1,237.98
166 Sep 2040 $35.59$23.21$12.38$1,225.60
167 Oct 2040 $35.24$22.98$12.26$1,213.34
168 Nov 2040 $35.00$22.75$12.25$1,201.09
169 Dec 2040 $35.00$22.52$12.48$1,188.61
170 Jan 2041 $35.00$22.29$12.71$1,175.90
171 Feb 2041 $35.00$22.05$12.95$1,162.95
172 Mar 2041 $35.00$21.81$13.19$1,149.76
173 Apr 2041 $35.00$21.56$13.44$1,136.32
174 May 2041 $35.00$21.31$13.69$1,122.63
175 Jun 2041 $35.00$21.05$13.95$1,108.68
176 Jul 2041 $35.00$20.79$14.21$1,094.47
177 Aug 2041 $35.00$20.52$14.48$1,079.99
178 Sep 2041 $35.00$20.25$14.75$1,065.24
179 Oct 2041 $35.00$19.97$15.03$1,050.21
180 Nov 2041 $35.00$19.69$15.31$1,034.90
181 Dec 2041 $35.00$19.40$15.60$1,019.30
182 Jan 2042 $35.00$19.11$15.89$1,003.41
183 Feb 2042 $35.00$18.81$16.19$987.22
184 Mar 2042 $35.00$18.51$16.49$970.73
185 Apr 2042 $35.00$18.20$16.80$953.93
186 May 2042 $35.00$17.89$17.11$936.82
187 Jun 2042 $35.00$17.57$17.43$919.39
188 Jul 2042 $35.00$17.24$17.76$901.63
189 Aug 2042 $35.00$16.91$18.09$883.54
190 Sep 2042 $35.00$16.57$18.43$865.11
191 Oct 2042 $35.00$16.22$18.78$846.33
192 Nov 2042 $35.00$15.87$19.13$827.20
193 Dec 2042 $35.00$15.51$19.49$807.71
194 Jan 2043 $35.00$15.14$19.86$787.85
195 Feb 2043 $35.00$14.77$20.23$767.62
196 Mar 2043 $35.00$14.39$20.61$747.01
197 Apr 2043 $35.00$14.01$20.99$726.02
198 May 2043 $35.00$13.61$21.39$704.63
199 Jun 2043 $35.00$13.21$21.79$682.84
200 Jul 2043 $35.00$12.80$22.20$660.64
201 Aug 2043 $35.00$12.39$22.61$638.03
202 Sep 2043 $35.00$11.96$23.04$614.99
203 Oct 2043 $35.00$11.53$23.47$591.52
204 Nov 2043 $35.00$11.09$23.91$567.61
205 Dec 2043 $35.00$10.64$24.36$543.25
206 Jan 2044 $35.00$10.19$24.81$518.44
207 Feb 2044 $35.00$9.72$25.28$493.16
208 Mar 2044 $35.00$9.25$25.75$467.41
209 Apr 2044 $35.00$8.76$26.24$441.17
210 May 2044 $35.00$8.27$26.73$414.44
211 Jun 2044 $35.00$7.77$27.23$387.21
212 Jul 2044 $35.00$7.26$27.74$359.47
213 Aug 2044 $35.00$6.74$28.26$331.21
214 Sep 2044 $35.00$6.21$28.79$302.42
215 Oct 2044 $35.00$5.67$29.33$273.09
216 Nov 2044 $35.00$5.12$29.88$243.21
217 Dec 2044 $35.00$4.56$30.44$212.77
218 Jan 2045 $35.00$3.99$31.01$181.76
219 Feb 2045 $35.00$3.41$31.59$150.17
220 Mar 2045 $35.00$2.82$32.18$117.99
221 Apr 2045 $35.00$2.21$32.79$85.20
222 May 2045 $35.00$1.60$33.40$51.80
223 Jun 2045 $35.00$0.97$34.03$17.77
224 Jul 2045 $18.10$0.33$17.77$0.00

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