Credit Card calculator The true cost of paying the minimum What is your credit card balance?  $ What is the interest rate on your credit card?    1% 2% 3% 4% 5% 5.9% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% 24% 25% 26% 27% 28% 29% 30% 31% 32% 33% 34% How is your minimum payment calculated?   Interest + 1% of Balance 1.5% 2% 2.08% 2.5% 2.78% 3.0% 3.5% 4% 4.5% 5% Your minimum payment: $ What fixed payment could you make each month? $ Select a payment schedule based on: Minimum Payment Fixed Payment