Minimum payment trap calculator
Compare time and interest if you pay only the card minimum versus a fixed monthly payment.
See how long minimum-only payments take and how much interest you might pay versus a fixed monthly amount. Illustrative only - not a loan offer or score promise.
Purchase APR on the card
Use 0% with a floor for a fixed-dollar minimum
Minimum vs fixed payment
$26,648.52
interest you might avoid with the fixed payment
- Months at minimum
- 600+
- Interest at minimum
- $27,824.72
- Months at fixed payment
- 32
- Interest at fixed payment
- $1,176.20
- Months saved
- 568
Estimate hit the model cap (600 months) on at least one path. Raise the payment or check the minimum rule.
Educational estimates only. Not credit repair advice, not a guarantee of score changes or loan approval. Results vary; we are not a lender or law firm.