Credit Card Minimum Payment Calculator

Estimate a card's minimum payment.

Minimum payment ($) 80

Formula: minimum = max(balance × percent, floor)

Step-by-step with your numbers:

1. Values used:

2. Balance = 4,000 $

3. Minimum percent = 2 %

4. Minimum floor = 25 $

6. Minimum payment = (4,000 / 100) x 2 = 40 x 2 = 80$

Did we solve your problem today?

Estimate the minimum monthly payment a card requires.

The math behind it

minimum = the larger of (balance × minimum %) or a fixed floor amount.

$4,000 at 2% (floor $25) → $80.

Should I pay minimum?

No — pay more to avoid years of interest (see Payoff calculator).