How this works
Unlike an EMI loan, a credit card balance doesn't have a fixed schedule — this simulates what happens if you pay a fixed amount every month against your current balance, with interest charged monthly on whatever's still outstanding, and tells you how many months it'll actually take and the total interest along the way.
Common questions
Why does it reject some payment amounts?
If your monthly payment doesn't even cover that month's interest, the balance would never shrink — it'd grow forever. The calculator catches that and asks for a higher payment instead of showing a payoff date that will never arrive.
Does paying only the minimum ever make sense?
Rarely — card APRs are usually much higher than other debt, so extending the payoff by paying only the minimum means paying far more in interest overall. Try a few higher payment amounts here to see how much faster and cheaper it gets.