Credit Cards
Minimum Due Payment Trap Calculator
Shows the real cost difference between paying only the minimum due and paying a higher fixed amount on your credit card.
Your details
₹
%
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₹
Months at minimum due
31
Months at higher payment
8
Extra interest from paying minimum only
₹41,703
Minimum due alone takes 31 months and ₹54,995 in interest. Paying ₹15,000/month instead takes 8 months and ₹13,292 in interest.
Minimum due amounts are usually set deliberately low by design — they're structured to keep you paying interest for as long as possible.
How this is calculated
Both scenarios use the same month-by-month payoff simulation as the Credit Card Interest Calculator, run at the minimum-due payment versus your chosen higher payment.
Frequently asked questions
Why is the minimum due set so low?
It's typically 2–5% of the outstanding balance — low enough that a large portion of your payment goes to interest rather than principal, which is exactly why it takes so long to clear a balance this way.
Does paying minimum due hurt my credit score?
Not directly — it counts as an on-time payment. But the high revolving balance it leaves behind can raise your credit utilization ratio, which does affect your score.