Credit Card Minimum Payment Calculator

By just paying the minimum payment requirement on your credit card can cost thousands extra in interest charges. Most credit card companies and banks set their required minimum payment levels too low, on average 2 to 2.5%.

By using our minimum payment calculator you will be shocked at just how much you would be required to pay back by just keeping to a minimum payment. The sad fact is many people do not realise how much interest they are paying on their credit card balance.

Remember, banks and credit card companies make bigger profits by setting their minimum payment requirements so low.