Compare paying just the minimum versus a fixed monthly payment. The tool simulates every month, shows the principal/interest split, and tells you exactly how many months and how much interest you save by paying above the minimum.
01 — What you create
See exactly what the minimum payment costs over time, what a fixed payment clears it for, and how many months and how much interest you save by going above the minimum.
CREDIT CARD PAYMENT SCHEDULE
Credit Card Payoff Plan — May 2026
Marcus Vance · HDFC Regalia · Compare both
BALANCE
INR 1,25,000
APR
36%
MONTHS
18 (fixed)
INTEREST
INR 19,420
MIN vs FIXED COMPARISON
YOU SAVE
Avoiding interest spiral — never-paying-off scenario
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02 — How it works
Credit card minimum payments are designed to keep you in debt — they cover interest plus a tiny bit of principal. This tool shows you exactly how long that path takes, what it costs, and what a small increase above the minimum changes.
Balance, APR, minimum-payment percentage and floor (most card statements show all three). Pick a fixed payment you can afford.
The tool simulates every month under both strategies — minimum-only and fixed-payment — and shows months to payoff plus total interest for each.
PDF: summary cards, comparison block, savings block, full schedule. XLSX: Summary, Minimum-only schedule, Fixed-payment schedule, Yearly rollup.
03 — Honest numbers
Models the typical "% of balance, with a floor" minimum formula. Shows what happens if you only pay what the card asks each month.
Pick any monthly payment you can afford and see exactly when the balance hits zero — plus the total interest you pay along the way.
Run both strategies at once. The interest-saved block tells you, in plain currency, the cost of paying the minimum instead.
Add a monthly new-charges figure to simulate revolving spend. Almost always reveals that paying minimums while spending traps you forever.
If your minimum payment cannot cover the interest, the tool marks the scenario as "Never pays off" — the case the card issuer never advertises.
PDF: summary cards, comparison, savings block, schedule preview. XLSX: Summary, Minimum-only, Fixed-payment, Yearly — full schedules for both.
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04 — Common questions
It means your minimum payment is less than (or barely above) the monthly interest charge. Each minimum payment covers interest plus a few currency units of principal — so the balance barely moves, or in some scenarios actually grows. Most card minimums are deliberately designed to keep you in this state.
The Loan Payment tool models a fixed EMI amortising a fixed-tenure loan. Credit card balances are revolving — there's no fixed tenure, and the minimum payment is a percentage of the balance, not a fixed amount. This tool handles those mechanics specifically.
The APR on your card statement. Indian credit cards typically run 30–42% p.a.; US revolving APRs run 19–29%; UK personal cards 25–35%. The actual rate matters — even a 5% APR difference compounds dramatically over a multi-year payoff.
Yes — set minimum % to 2 and floor to 0. The tool ensures the payment at least covers interest each month; otherwise the balance would grow indefinitely (which some issuers actually allow up to a credit limit, but most cards prevent).
Set "New charges per month" to your typical spend. The simulation adds those charges before interest each month. For most people, the answer is brutal — even modest spend extends the payoff dramatically. Use the simulation to motivate stopping use entirely until it's clear.
PDF (summary cards + inputs + min vs fixed comparison + savings block + yearly summary + schedule with first 60 months + totals row + notes — auto-paginated) and XLSX (4 sheets: Summary, Minimum-only schedule, Fixed-payment schedule, Yearly rollup). All numeric.