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How Soon Will You Get Out of Your Credit Card Debt?
Credit Card Minimum Payment Interest Calculator

This calculator will show you how long before you finish off your credit card outstanding balance and how much total interest you will end up paying if you make only the minimum required payment on your credit card bill. It will also tell you how many minimum payments you will make before your balance is paid off (up to a maximum of 600 payments).

Instructions: Fill up the first four textboxes. Somewhere in your credit card disclosure statement the card company will tell you something like "your minimum payment will be 5% of the balance or Php 200, whichever is higher. These are the figures you will enter in Column C and Column D respectively.

Please Fill Up the First Four Text Boxes Right Below
Results
Minimum
Amount
Due
Annual
Interest
Rate
C
Minimum
Percent
Required
D
Minimum
Payment
Required
Total
Interest
Paid
 
Number of
Payments
 
Total #
of Years
 
 

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Disclaimer: These online calculators are available as screening tools. The accuracy of these calculators or their applicability to your unique circumstances is not guaranteed. It is always best to obtain personal advice from qualified professionals. Email us at contact@pinoybizpark.com for help.