Use this calculator to determine the financial impact of making only the minimum required payment on your credit card bill each month. Complete the Input Fields below and click Compute to see how long it will take to pay off your balance (up to a maximum of 600 payments) and how much interest you will pay over that time.

NOTE: 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 the Minimum Payment Input Fields.

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