Only Paying the Minimum on Your Credit Cards
Here's how much you'll pay and about how long it will take to pay off the total loan.
All figures are based on a 2% minimum payment
 
Interest Rates
Loan Balances 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20%
$1,000 Outlay $1,507 $1,595 $1,697 $1,815 $1,955 $2,123 $2,329 $2,590 $2,931 $3,398 $4,085
Years 10 11 11 12 13 14 15 17 19 22 26
2,500 Outlay

4,078

 4,364 5,088 5,555 6,123 6,829 7,733 8,931 10,598 13,084
Years 17 17 19 20 22 24 27 30 34 40 49
5,000 Outlay 8,364 8,979 9,697 10,542 11,555 12,789 14,329 16,304 18,931 22,598 28,085
Years 22 23 24 26 29 32 35 40 46 54 66
7,000 Outlay 12,650 13,595 14,697 15,997 17,555 19,456 21,829 24,876 28,931 34,598 43,085
Years 24 26 28 30 33 36 40 45 52 62 76
10,000 Outlay 16,935 18,211 19,696 21,451 23,555 26,123 29,329 33,447 38,931 46,597 58,084
Years 26 28 30 33 36 39 44 50 57 68 83
15,000 Outlay 25,507 27,441 29,697 32,361 35,555 39,456 44,330 50,590 58,932 70,598 88,084
Years 29 31 34 36 40 44 49 55 64 76 94
20,000 Outlay 34,078 36,672 39,697 43,270 47,555 52,790 59,330 67,733 78,931 94,598 118,083
Years 31 33 36 39 43 47 52 59 69 82 101
25,000 Outlay 42,649 45,903 49,697 54,179 59,555 66,123 74,330 84,875 98,931 118,598 148,084
Years 33 35 38 41 45 49 55 63 72 86 106
30,000 Outlay 51,221 55,133 59,696 65,088 71,555 79,456 89,329 102,019 118,931 142,599 178,085
Years 34 37 39 43 47 51 58 65 75 90 111