Credit Card Minimum Payment Interest Calculator
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).   Instructions: Somewhere in your credit card statement the card company will tell you something like "your minimum payment will be 2% of the balance or £5, whichever is higher". These are the figures you will enter in Column C and Column D respectively.
Card Balance	Annual Interest Rate	C Minimum Payment Percent	D Minimum Payment
£	%	%	£
Interest Charges
Number of Payments
Total # of Years
This calculator tool courtesy webwinder services

 

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Credit Card Interest

It is really quite frightening how long it can take to repay credit cards. If you are struggling with even minimum repayments you must seek advice now. The sooner you act the sooner you can take control of your life again and not be held to ransom by these bits of plastic.

Our money counsellors are fully trained and know how best to tackle credit card debt and get you debt free in as soon as possible.

Did you find this credit card calculator useful? try this tool and see how much credit card interest you can save by making fixed payments instead of minimum payments