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Credit Card Minimum Payment Calculator
The true cost of paying only the minimum.
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Frequently asked questions
Is paying minimum a trap?
Yes — designed so banks profit maximally. On ₹100K at 42% APR paying 5% min, you pay back ~₹180K and take years. Always pay more than minimum.
Why is minimum so low?
Marketing — looks manageable, keeps you enrolled, maximises long-term interest revenue for the issuer. It's the slowest legal way out of debt.
What if I can't afford more than minimum?
Two options: (1) balance transfer to lower APR card, (2) consolidation personal loan at 12–18%. Both cut rate dramatically and let you pay off faster at same monthly outlay.
Does paying minimum help credit score?
It keeps you from being late (good) but high utilisation hurts score (bad). Net effect: mildly positive. Paying in full is significantly better for score.