Credit Card Minimum Payment Calculator

Calculate the minimum payment due on your credit card, based on your issuer's minimum percentage and floor amount.

  • Free to use
  • Accurate results
  • No registration required
  • Works on all devices
Enter your outstanding balance to calculate your credit card's minimum payment due.
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Your result

₹2,500

Minimum payment due

AI explanation

Formula

Minimum payment = greater of (balance × minimum%, floor amount), capped at the outstanding balance

Worked example

₹50,000 balance, 5% minimum, ₹200 floor

Worked example: ₹50,000 balance, 5% minimum, ₹200 floor
FieldValue
Outstanding balance50000
Minimum payment percentage5
Minimum payment floor200
Minimum payment due2500

Assumptions

  • Most Indian card issuers set minimum due around 5% of the outstanding balance, subject to a small fixed floor — check your specific card's terms for exact figures.
  • Informational only — paying only the minimum due leaves the remaining balance to accrue interest, often at a high rate.

Frequently asked questions

Is paying only the minimum due a good idea?

Generally no — the remaining balance continues accruing interest, often at 30-50% annualized, so paying only the minimum can result in years of debt and substantial interest paid overall. See the Credit Card Payoff Calculator to see how long that would actually take.

How is the minimum payment calculated?

Typically the greater of a percentage of your outstanding balance (commonly around 5%) or a small fixed floor amount, whichever is higher — this ensures even small balances have a meaningful minimum payment.

Does minimum payment ever equal the full balance?

Yes — for very small balances, the calculated minimum (percentage or floor) can exceed the balance itself, in which case the full balance becomes the minimum payment.

Related calculators

Credit Card Payoff CalculatorCredit Card Interest Calculator

Related articles

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How Your Credit Card Minimum Payment Is Calculated

Minimum payment due is whichever is greater — a percentage of your outstanding balance (commonly around 5%) or a small fixed floor amount — which means the floor determines the minimum for small balances.

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Why Paying Only the Minimum Can Cost More Than Your Original Balance

Paying only the calculated minimum on a ₹50,000 credit card balance can take nearly four years and cost ₹65,000 in interest alone — more than the original balance itself — while a modestly larger payment cuts both the time and the interest dramatically.

Read guide

Sources

This calculator provides a general estimate only and does not constitute financial advice. Check your specific card's minimum payment terms.

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