See exactly how much time and money you save with verified 2026 U.S. issuer profiles — Chase, Bank of America, Citi, Capital One, Discover, USAA, Apple Card and more.
Minimum Payment Summary
Bank Rate Information
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Edit standard rates, penalty rates, minimum payment % and floor amount. Each bank uses whichever is higher between the % of balance and the flat floor.
1Debt portfolio
💡 Why do my minimum payments differ? Click to view U.S. issuer rules
U.S. Credit Card Minimum Payment Rules
Add a card above to see live minimum payment breakdowns for your specific portfolio.
Split-Rate Issuers
Greater of issuer floor ($35–$41) or 1% of balance + monthly accrued interest.
Synchrony Store Cards Dual-Formula
Higher of (1% + monthly interest) or 3.5% flat of balance, floor $35.
Flat-Rate & Credit Union Issuers
Flat percentage of balance only — interest is not added to the minimum. No automated penalty APR.
2Monthly surplus
EXTRA CASH PAYMENT EACH MONTH
Surplus applied to highest-rate debt first (Avalanche)
$
per month
$0$500$1,000$1,500$2,000+
3Strategy comparison snapshot
ℹ️ View strategy explanations
⚡ Avalanche — Save the most money
Directs your extra monthly surplus at the highest interest rate debt first. Mathematically optimal — minimises total interest paid.
❄️ Snowball — Build momentum fast
Directs your extra monthly surplus at the smallest outstanding balance first. Eliminates accounts quickly for early psychological wins.
Pay the minimum on every debt each month. Your entire monthly surplus is concentrated on the single priority debt until it's eliminated, then cascades to the next.
5Your savings
6Monthly payment breakdown
7Balance over time
Avalanche
Snowball
Min Only
8Missed payment penalty simulator
THE 180-DAY REGULATORY DEFAULT TIMELINE
•Month 1 (Day 30): Standard APR jumps to the penalty rate tier — 29.99% p.a. — plus an immediate late fee is assessed.
•Month 2 (Day 60): Mandatory Card Freeze — purchase privileges are revoked, but penalty charges continue to compound.
•Month 3 (Day 90): Substandard Account Classification — internal bank collections maximize outreach as balance accumulates.
•Months 4–5 (Days 120–150): Credit Limit Overflow — compounding interest pushes your balance past your credit line. No over-limit fees are assessed under the U.S. CARD Act.
•Month 6 (Day 180): Mandatory Regulatory Charge-Off — the contract is legally terminated, billing cycles cease, and the final balance is sent to collections.
Penalty rate detected. One or more debts is ≥ 30% APR. Pay at least the minimum on time to restore the standard rate.
Click an active debt below to watch this 4-month compounding timeline play out.
Click Calculate above first.
9Monthly payment of debt
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For illustration purposes only. Debt projections are simulated using verified June 2026 U.S. bank baselines and do not constitute formal financial advice.