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Minimum Payment Calculator

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Estimate how long it will take to pay off your credit card balance if you only make the minimum payment, and see the total interest cost.

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\n Total outstanding balance on your credit card.\n
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\n Annual Percentage Rate charged by your card issuer.\n
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\n How your bank determines your minimum payment.\n
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\n Typically 1% to 3% when interest is added separately.\n
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\n Typically 2% to 4% of the total balance.\n
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\n The absolute lowest payment amount required (usually $15 - $35).\n
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\n Initial Minimum Payment\n $0.00\n
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\n Time to Pay Off\n 0 months\n
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\n Principal Paid\n $0.00\n
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\n Total Interest Charged\n $0.00\n
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\n Total Lifetime Cost\n $0.00\n
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Warning: Paying only the minimum causes your balance to decrease very slowly while generating maximum interest fees for the issuer.

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