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Credit Card Minimum-Payment Payoff Simulator

Model payoff time using your issuer's minimum-payment formula assumptions.

Enter your assumptions

Simulated payoff time
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Estimated interest—
Estimated total paid—
Annual rate—
First minimum payment—
Actual minimum-payment formulas, interest start dates, rates, fees, and loan terms depend on the issuer or lender contract.

Read these guides after calculating

What Happens If You Only Pay the Minimum on a Credit Card?The minimum payment is a required threshold, not a free installment plan. Unpaid eligible balances can enter revolving credit and accrue interest.Why Minimum Credit Card Payments Can Keep Debt Around for YearsA minimum payment may keep an account current, but it is not designed to eliminate debt quickly.How Credit Card Revolving Interest Works in TaiwanTaiwan credit-card revolving rates may not exceed 15% annually, but the actual rate and interest start date depend on the issuer's contract.