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CC Minimum Payment (2006 Rules) Calculator

Are you paying the amount due as shown on your credit card bill each month, but the balance doesn't seem to budge and it certainly never gets paid off? Have you ever thought about how much you'll end up paying in credit card interest if you only pay the minimum required payment each month? This calculator will show you how much interest you will pay and how long it will take to pay off your credit card if you only make the minimum required payment each month. Show the amortization schedule to see the month-by-month payment breakdown. These numbers, of course, assume you will not continue to charge with the credit card and continue to pay just the minimum amount. This tool can help you determine the best small business credit cards or personal credit card. You may have to dig around or even make some phone calls to your credit card issuer to find out some of this information, but running this calculator can be a real eye-opening experience!

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Popup

Copy this text to popup the calculator in its own window. It is important to use your Account Number instead of 1 as shown in this example.

view
<script language="JavaScript" type="text/javascript">
<!--

//CC Minimum Payment (2006 Rules)
function CreditCardMinimumPayment()
{
  window.open('http://www.webcalcsolutions.com/Credit-Card-Calculators/Credit-Card-Minimum-Payment.asp?AcctNum=1', '_blank', 'width=430,height=660,directories=0,location=0,menubar=0,resizable=1,scrollbars=1,status=0,toolbar=0');
}

-->
</script>
<a href="javascript:CreditCardMinimumPayment();">CC Minimum Payment (2006 Rules)</a><br>
<br>
<a href='http://www.webcalcsolutions.com/' style='font-size: 8pt;'>Online Calculators - Financial Calculators, Health Calculators, and Health Assessments from WebCalcSolutions.com</a><br>


Embedded

Copy this text to embed the calculator in your webpage.It is important to use your Account Number instead of 1 as shown in this example.

view
<iframe src="http://www.webcalcsolutions.com/Credit-Card-Calculators/Credit-Card-Minimum-Payment.asp?AcctNum=1" width="430" height="660" frameborder="0" scrolling="auto"><a href="http://www.webcalcsolutions.com/Credit-Card-Calculators/Catalog.asp" target="_blank">CC Minimum Payment (2006 Rules) Calculator</a></iframe>
<br>
<a href='http://www.webcalcsolutions.com/' style='font-size: 8pt;'>Online Calculators - Financial Calculators, Health Calculators, and Health Assessments from WebCalcSolutions.com</a><br>


Customizable Field Values

You can customize the following field values for this calculator. When the calculator runs it will have the values you set for these fields. It is important to use your Account Number instead of 1 as shown in this example.

CC Minimum Payment (2006 Rules)    view
CC Minimum Payment (2006 Rules) Calculator's
Customizable Fields
Screen Name Parm Name Parm Value Used in this Example
Title Title Visa's Plutonium Card
Credit Card Balance BalAmt 5,000.00
Interest Rate IntRate 12.5
Minimum Payment Percent MinPmtPct 2.5
Minimum Principal Percent MinPrinPct 1.25
Minimum Interest Amount IntMinAmt 1.50
Minimum Payment Amount MinPmtAmt 7.00

View Customized Calculator
<script language="JavaScript" type="text/javascript">
<!--
//CC Minimum Payment (2006 Rules)
function CreditCardMinimumPayment()
{
  window.open('http://www.webcalcsolutions.com/Credit-Card-Calculators/Credit-Card-Minimum-Payment.asp?AcctNum=1&' +
    'Title=Visa%27s Plutonium Card&BalAmt=5,000.00&IntRate=12.5&MinPmtPct=2.5&' +
    'MinPrinPct=1.25&IntMinAmt=1.50&MinPmtAmt=7.00',
    '_blank',
    'width=430,height=660,directories=0,location=0,menubar=0,resizable=1,scrollbars=1,status=0,toolbar=0');
}

-->
</script>
<a href="javascript:CreditCardMinimumPayment();">CC Minimum Payment (2006 Rules)</a><br>
<br>
<a href='http://www.webcalcsolutions.com/' style='font-size: 8pt;'>Online Calculators - Financial Calculators, Health Calculators, and Health Assessments from WebCalcSolutions.com</a><br>

Our examples have special characters (& or ') that must be encoded to be interpreted properly by the browser. If the customized text you want to use has any of these characters (&, ' [apostrophe or single-quote], #, ?, ", \ or %) we have provided this Encode tool so you can see how to type it into your script. Enter your customized text then select 'Encode'. The encoded text will show up in the lower box and can be copied and pasted directly into your script.



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