Credit card statements list a minimum payment, but almost none show what that minimum actually costs over time — because it changes every month. Our credit card minimum payment calculator simulates the real thing, month by month:
- The shrinking minimum — a true simulation, not a shortcut formula, since the percent-of-balance minimum falls as your balance falls.
- A fixed-payment comparison — hold today’s minimum steady instead of letting it shrink, and see exactly how many months and dollars that saves.
- An honest warning — if the minimum can’t outpace the month’s interest, the balance would never reach zero, and the tool says so instead of showing a misleading payoff date.
Enter your balance, APR, and minimum-payment formula, and the results update instantly. Your inputs live in the link so you can share your exact numbers, and the calculator is embeddable on your own site with one iframe.