Minimum Payment
The minimum payment is the smallest amount you can pay on a credit card to keep the account in good standing — often around 2% of the balance. Paying only the minimum is a trap: it stretches repayment over years and can more than double what you pay through interest.
Because minimums shrink as the balance falls, they extend payoff dramatically. Paying even a fixed amount above the minimum every month — rather than a percentage — slashes both the timeline and the total interest, as a payoff calculator makes vivid.
Put it to work
Credit Card Payoff Calculator
How long to pay off your credit card at your current payment — and the exact monthly amount to be debt-free in 12, 24, or 36 months.
Debt Payoff Calculator — Snowball vs Avalanche
Enter up to three debts and compare the snowball and avalanche strategies head-to-head: payoff dates, total interest, and what the difference costs.