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What your balance really costs at your APR — and why the minimum payment is designed to keep you paying for years.
Minimum mode pays 2% of the balance each month with a $25 floor — how most issuers actually calculate it.
At this APR, a 2%-of-balance minimum never pays the card off — the payment shrinks as fast as the balance does.
Card interest compounds monthly at APR ÷ 12, charged on whatever balance remains. Minimum payments are usually 1%–3% of the balance, so as the balance shrinks the payment shrinks too — stretching a few thousand dollars of debt into a decade or more of payments. That's why a fixed payment, even a modest one, finishes years earlier than the minimum: it stops shrinking as the balance falls.
Worth connects your real accounts and runs the numbers for you — budgets, net worth, goals, and an AI assistant.
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