Compare calculators
Both calculators run independently β change the inputs on either side to compare results.
Debt
Minimum Payment Calculator
Estimate a credit card's minimum monthly payment using the larger of a percent-of-balance floor or "interest plus 1% of principal" β the two common issuer formulas. Useful for predicting card payments and understanding why minimum-only payments take so long to clear a balance.
Debt
Credit Card Payoff Calculator
Estimate how many months it takes to pay off a credit-card balance with a fixed monthly payment, given the card's APR. Uses the standard amortisation formula to translate "I can pay $X/month" into a concrete payoff timeline.
Key differences
| Minimum Payment Calculator | Credit Card Payoff Calculator | |
|---|---|---|
| Category | Debt | Debt |
| Inputs required | 3 | 3 |
| Result | Minimum Monthly Payment ($) | Months to Pay Off (months) |
| What it does | Estimate a credit card's minimum monthly payment using the larger of a percent-of-balance floor or "interest plus 1% of principal" β the two common issuer formulas. Useful for predicting card payments and understanding why minimum-only payments take so long to clear a balance. | Estimate how many months it takes to pay off a credit-card balance with a fixed monthly payment, given the card's APR. Uses the standard amortisation formula to translate "I can pay $X/month" into a concrete payoff timeline. |