As a courtesy to our clients and visitors, we have collected a number of useful Financial Tools that can be used to gain insight on various monetary issues people face on a day to day basis. Although most of these tools are designed for singular use, some of them can help to provide an ongoing picture of your financial situation when used on a weekly or monthly basis.
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 disclosure statement the card company will
tell you something like "your minimum payment will be 2% of the balance or $10, whichever is higher. These are the figures you will enter in Column C and Column D respectively.
Amount Charged |
Interest Rate |
C Minimum Pmt Perc |
D Minimum Min Pmt |
Interest Charges |
# of Payments |
# of Years |
![]() |
Contact us for more information |
Back to Top |