Minimum payment calculator
Compare paying only the minimum with a fixed monthly payment to see payoff time, total interest and savings.
Minimum only: 232 months (Feb 2046), $8,488.89 interest
Fixed $200.00: 35 months (Sep 2029), $1,871.10 interest
Paying $200.00 saves 197 months and $6,617.79
Estimates use monthly interest and assume no new purchases.
| Month | Minimum only balance | Fixed $200/month balance |
|---|---|---|
| 0 | $5,000.00 | $5,000.00 |
| 1 | $4,950.00 | $4,895.79 |
| 2 | $4,900.50 | $4,789.59 |
| 3 | $4,851.49 | $4,681.35 |
| 4 | $4,802.98 | $4,571.04 |
| 5 | $4,754.95 | $4,458.61 |
| 6 | $4,707.40 | $4,344.03 |
| 7 | $4,660.33 | $4,227.25 |
| 8 | $4,613.73 | $4,108.24 |
| 9 | $4,567.59 | $3,986.95 |
| 10 | $4,521.91 | $3,863.33 |
| 11 | $4,476.69 | $3,737.34 |
| 12 | $4,431.92 | $3,608.94 |
| 13 | $4,387.60 | $3,478.08 |
| 14 | $4,343.72 | $3,344.71 |
| 15 | $4,300.28 | $3,208.79 |
| 16 | $4,257.28 | $3,070.27 |
| 17 | $4,214.71 | $2,929.09 |
| 18 | $4,172.56 | $2,785.21 |
| 19 | $4,130.83 | $2,638.57 |
| 20 | $4,089.52 | $2,489.12 |
| 21 | $4,048.62 | $2,336.81 |
| 22 | $4,008.13 | $2,181.58 |
| 23 | $3,968.05 | $2,023.38 |
| 24 | $3,928.37 | $1,862.14 |
| 25 | $3,889.09 | $1,697.82 |
| 26 | $3,850.20 | $1,530.35 |
| 27 | $3,811.70 | $1,359.67 |
| 28 | $3,773.58 | $1,185.72 |
| 29 | $3,735.84 | $1,008.44 |
| 30 | $3,698.48 | $827.76 |
| 31 | $3,661.50 | $643.62 |
| 32 | $3,624.88 | $455.95 |
| 33 | $3,588.63 | $264.69 |
| 34 | $3,552.74 | $69.76 |
| 35 | $3,517.21 | $0.00 |
| 36 | $3,482.04 | $0.00 |
| 37 | $3,447.22 | $0.00 |
| 38 | $3,412.75 | $0.00 |
| 39 | $3,378.62 | $0.00 |
| 40 | $3,344.83 | $0.00 |
| 41 | $3,311.38 | $0.00 |
| 42 | $3,278.27 | $0.00 |
| 43 | $3,245.49 | $0.00 |
| 44 | $3,213.04 | $0.00 |
| 45 | $3,180.91 | $0.00 |
| 46 | $3,149.10 | $0.00 |
| 47 | $3,117.61 | $0.00 |
| 48 | $3,086.43 | $0.00 |
| 49 | $3,055.57 | $0.00 |
| 50 | $3,025.01 | $0.00 |
| 51 | $2,994.76 | $0.00 |
| 52 | $2,964.81 | $0.00 |
| 53 | $2,935.16 | $0.00 |
| 54 | $2,905.81 | $0.00 |
| 55 | $2,876.75 | $0.00 |
| 56 | $2,847.98 | $0.00 |
| 57 | $2,819.50 | $0.00 |
| 58 | $2,791.30 | $0.00 |
| 59 | $2,763.39 | $0.00 |
| 60 | $2,735.76 | $0.00 |
| 61 | $2,708.40 | $0.00 |
| 62 | $2,681.32 | $0.00 |
| 63 | $2,654.51 | $0.00 |
| 64 | $2,627.96 | $0.00 |
| 65 | $2,601.68 | $0.00 |
| 66 | $2,575.66 | $0.00 |
| 67 | $2,549.90 | $0.00 |
| 68 | $2,524.40 | $0.00 |
| 69 | $2,499.16 | $0.00 |
| 70 | $2,474.17 | $0.00 |
| 71 | $2,449.43 | $0.00 |
| 72 | $2,424.94 | $0.00 |
| 73 | $2,400.69 | $0.00 |
| 74 | $2,376.68 | $0.00 |
| 75 | $2,352.91 | $0.00 |
| 76 | $2,329.38 | $0.00 |
| 77 | $2,306.09 | $0.00 |
| 78 | $2,283.03 | $0.00 |
| 79 | $2,260.20 | $0.00 |
| 80 | $2,237.60 | $0.00 |
| 81 | $2,215.22 | $0.00 |
| 82 | $2,193.07 | $0.00 |
| 83 | $2,171.14 | $0.00 |
| 84 | $2,149.43 | $0.00 |
| 85 | $2,127.94 | $0.00 |
| 86 | $2,106.66 | $0.00 |
| 87 | $2,085.59 | $0.00 |
| 88 | $2,064.73 | $0.00 |
| 89 | $2,044.08 | $0.00 |
| 90 | $2,023.64 | $0.00 |
| 91 | $2,003.40 | $0.00 |
| 92 | $1,983.37 | $0.00 |
| 93 | $1,963.54 | $0.00 |
| 94 | $1,943.90 | $0.00 |
| 95 | $1,924.46 | $0.00 |
| 96 | $1,905.22 | $0.00 |
| 97 | $1,886.17 | $0.00 |
| 98 | $1,867.31 | $0.00 |
| 99 | $1,848.64 | $0.00 |
| 100 | $1,830.15 | $0.00 |
| 101 | $1,811.85 | $0.00 |
| 102 | $1,793.73 | $0.00 |
| 103 | $1,775.79 | $0.00 |
| 104 | $1,758.03 | $0.00 |
| 105 | $1,740.45 | $0.00 |
| 106 | $1,723.05 | $0.00 |
| 107 | $1,705.82 | $0.00 |
| 108 | $1,688.76 | $0.00 |
| 109 | $1,671.87 | $0.00 |
| 110 | $1,655.15 | $0.00 |
| 111 | $1,638.60 | $0.00 |
| 112 | $1,622.21 | $0.00 |
| 113 | $1,605.99 | $0.00 |
| 114 | $1,589.93 | $0.00 |
| 115 | $1,574.03 | $0.00 |
| 116 | $1,558.29 | $0.00 |
| 117 | $1,542.71 | $0.00 |
| 118 | $1,527.28 | $0.00 |
| 119 | $1,512.01 | $0.00 |
| 120 | $1,496.89 | $0.00 |
| 121 | $1,481.92 | $0.00 |
| 122 | $1,467.10 | $0.00 |
| 123 | $1,452.43 | $0.00 |
| 124 | $1,437.91 | $0.00 |
| 125 | $1,423.53 | $0.00 |
| 126 | $1,409.29 | $0.00 |
| 127 | $1,395.20 | $0.00 |
| 128 | $1,381.25 | $0.00 |
| 129 | $1,367.44 | $0.00 |
| 130 | $1,353.77 | $0.00 |
| 131 | $1,340.23 | $0.00 |
| 132 | $1,326.83 | $0.00 |
| 133 | $1,313.56 | $0.00 |
| 134 | $1,300.42 | $0.00 |
| 135 | $1,287.42 | $0.00 |
| 136 | $1,274.55 | $0.00 |
| 137 | $1,261.80 | $0.00 |
| 138 | $1,249.18 | $0.00 |
| 139 | $1,236.69 | $0.00 |
| 140 | $1,224.32 | $0.00 |
| 141 | $1,212.08 | $0.00 |
| 142 | $1,199.96 | $0.00 |
| 143 | $1,187.96 | $0.00 |
| 144 | $1,176.08 | $0.00 |
| 145 | $1,164.32 | $0.00 |
| 146 | $1,152.68 | $0.00 |
| 147 | $1,141.15 | $0.00 |
| 148 | $1,129.74 | $0.00 |
| 149 | $1,118.44 | $0.00 |
| 150 | $1,107.26 | $0.00 |
| 151 | $1,096.19 | $0.00 |
| 152 | $1,085.23 | $0.00 |
| 153 | $1,074.38 | $0.00 |
| 154 | $1,063.64 | $0.00 |
| 155 | $1,053.00 | $0.00 |
| 156 | $1,042.47 | $0.00 |
| 157 | $1,032.05 | $0.00 |
| 158 | $1,021.73 | $0.00 |
| 159 | $1,011.51 | $0.00 |
| 160 | $1,001.39 | $0.00 |
| 161 | $991.38 | $0.00 |
| 162 | $981.47 | $0.00 |
| 163 | $971.66 | $0.00 |
| 164 | $961.94 | $0.00 |
| 165 | $952.32 | $0.00 |
| 166 | $942.80 | $0.00 |
| 167 | $933.37 | $0.00 |
| 168 | $924.04 | $0.00 |
| 169 | $914.80 | $0.00 |
| 170 | $905.65 | $0.00 |
| 171 | $896.59 | $0.00 |
| 172 | $887.62 | $0.00 |
| 173 | $878.74 | $0.00 |
| 174 | $869.95 | $0.00 |
| 175 | $861.25 | $0.00 |
| 176 | $852.64 | $0.00 |
| 177 | $843.98 | $0.00 |
| 178 | $835.15 | $0.00 |
| 179 | $826.15 | $0.00 |
| 180 | $816.98 | $0.00 |
| 181 | $807.63 | $0.00 |
| 182 | $798.10 | $0.00 |
| 183 | $788.39 | $0.00 |
| 184 | $778.49 | $0.00 |
| 185 | $768.40 | $0.00 |
| 186 | $758.12 | $0.00 |
| 187 | $747.64 | $0.00 |
| 188 | $736.96 | $0.00 |
| 189 | $726.08 | $0.00 |
| 190 | $714.99 | $0.00 |
| 191 | $703.69 | $0.00 |
| 192 | $692.17 | $0.00 |
| 193 | $680.43 | $0.00 |
| 194 | $668.47 | $0.00 |
| 195 | $656.28 | $0.00 |
| 196 | $643.85 | $0.00 |
| 197 | $631.19 | $0.00 |
| 198 | $618.28 | $0.00 |
| 199 | $605.13 | $0.00 |
| 200 | $591.72 | $0.00 |
| 201 | $578.06 | $0.00 |
| 202 | $564.13 | $0.00 |
| 203 | $549.94 | $0.00 |
| 204 | $535.48 | $0.00 |
| 205 | $520.74 | $0.00 |
| 206 | $505.72 | $0.00 |
| 207 | $490.41 | $0.00 |
| 208 | $474.81 | $0.00 |
| 209 | $458.91 | $0.00 |
| 210 | $442.70 | $0.00 |
| 211 | $426.18 | $0.00 |
| 212 | $409.34 | $0.00 |
| 213 | $392.18 | $0.00 |
| 214 | $374.69 | $0.00 |
| 215 | $356.87 | $0.00 |
| 216 | $338.71 | $0.00 |
| 217 | $320.20 | $0.00 |
| 218 | $301.33 | $0.00 |
| 219 | $282.10 | $0.00 |
| 220 | $262.50 | $0.00 |
| 221 | $242.53 | $0.00 |
| 222 | $222.18 | $0.00 |
| 223 | $201.44 | $0.00 |
| 224 | $180.30 | $0.00 |
| 225 | $158.75 | $0.00 |
| 226 | $136.79 | $0.00 |
| 227 | $114.41 | $0.00 |
| 228 | $91.60 | $0.00 |
| 229 | $68.35 | $0.00 |
| 230 | $44.66 | $0.00 |
| 231 | $20.52 | $0.00 |
| 232 | $0.00 | $0.00 |
How minimums are calculated
A common issuer formula is 1% of the balance plus interest, with a $25 floor. Check your card agreement; formulas vary.
The statement warning box
Card issuers are required to let you know how long it will take you to pay off your current balance if you make no further charges and pay only the minimum amount due each month, according to the CFPB. The same disclosure shows how much you need to pay each month to pay off your current balance in 36 months.
FAQ
How is a credit card minimum payment calculated?
A common issuer formula is 1% of the balance plus interest, with a $25 floor. Check your card agreement; formulas vary.
What is the minimum payment warning on my statement?
Card issuers are required to let you know how long it will take you to pay off your current balance if you make no further charges and pay only the minimum amount due each month, and how much you need to pay each month to pay off your current balance in 36 months, according to the CFPB.
How much should I pay instead of the minimum?
Pay as much above the minimum as your budget allows so more goes to principal. Use our credit card payoff calculator for a single fixed payment, or the home calculator if you carry more than one balance.