See the true cost of credit card minimum payments. Calculate payoff time, total interest, and plan your debt-free date.
What is Credit Card Interest Calculator?
Discover the shocking truth about credit card minimum payments. Enter your outstanding balance and monthly interest rate to see how long it really takes to pay off and how much extra you pay in interest. Features a dramatic "shock factor" visualization, balance decay chart comparing minimum vs custom payments, payoff timeline, debt-free date calculator, and actionable tips for faster repayment. India-focused with typical Indian credit card rates.
How to Use
Enter your outstanding credit card balance
Set your card\
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Frequently Asked Questions
Why are minimum payments a trap?
Minimum payments (typically 2-5% of balance) barely cover interest. On a ₹1L balance at 3.5% monthly, minimum payments can take 10+ years and cost 3-4x the original amount.
What is typical credit card interest in India?
Indian credit cards typically charge 2.5-3.5% per month (30-42% APR). This is much higher than personal loan rates (12-18%).
Should I convert to EMI?
If you can't pay the full balance, converting to EMI (9-18% APR) is almost always cheaper than revolving credit card debt (30-42% APR).
What is balance transfer?
Some banks offer 0% or low-interest balance transfers for 3-6 months. This can save significant interest if you pay off the balance during the offer period.
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