This calculator will show you how much interest you will end up paying if you make only the minimum required payment on your credit card bill. It will also tell you how many minimum payments you will make before your balance is paid off (up to a maximum of 600 payments).

Enter Dollar Amount Charged:

Enter Annual Interest Rate (APR):

Enter Minimum Payment Percent:

(Check your statement — usually 2 or 3 percent)

Minimum Minimum Payment:

(Check your statement — usually 10 or 15 dollars)

Total Interest Charges:

Number of Monthly Payments:

Total Number of Years: