Minimum payment
The smallest amount a credit card issuer will accept each month.
It is usually 1% to 3% of the balance plus interest. Paying only the minimum can stretch a debt over decades.
See it in action with the Minimum Payment Calculator.
The smallest amount a credit card issuer will accept each month.
It is usually 1% to 3% of the balance plus interest. Paying only the minimum can stretch a debt over decades.
See it in action with the Minimum Payment Calculator.