Credit Card Trap Calculator

Compare minimum due repayment vs a fixed monthly payment and see how much interest you can save.

Debt Inputs

If this is lower than minimum due, minimum due will be used.

Minimum Due Path

Payoff Time
15 years
Total Interest
₹3,40,355.73
Estimated Debt Free By
February 2041

Your Payment Plan

Payoff Time
2 years
Total Interest
₹1,01,801.47
Estimated Debt Free By
February 2028

📉 Trap Impact

Interest Saved
₹2,38,554.25
Time Saved
13 years

📆 First 24 Months (Your Payment Plan)

MonthOpening BalanceMinimum DuePaymentInterestPrincipalClosing Balance
1₹2,50,000.00₹12,875.00₹15,000.00₹7,500.00₹7,500.00₹2,42,500.00
2₹2,42,500.00₹12,488.75₹15,000.00₹7,275.00₹7,725.00₹2,34,775.00
3₹2,34,775.00₹12,090.91₹15,000.00₹7,043.25₹7,956.75₹2,26,818.25
4₹2,26,818.25₹11,681.14₹15,000.00₹6,804.55₹8,195.45₹2,18,622.80
5₹2,18,622.80₹11,259.07₹15,000.00₹6,558.68₹8,441.32₹2,10,181.48
6₹2,10,181.48₹10,824.35₹15,000.00₹6,305.44₹8,694.56₹2,01,486.93
7₹2,01,486.93₹10,376.58₹15,000.00₹6,044.61₹8,955.39₹1,92,531.53
8₹1,92,531.53₹9,915.37₹15,000.00₹5,775.95₹9,224.05₹1,83,307.48
9₹1,83,307.48₹9,440.34₹15,000.00₹5,499.22₹9,500.78₹1,73,806.70
10₹1,73,806.70₹8,951.05₹15,000.00₹5,214.20₹9,785.80₹1,64,020.91
11₹1,64,020.91₹8,447.08₹15,000.00₹4,920.63₹10,079.37₹1,53,941.53
12₹1,53,941.53₹7,927.99₹15,000.00₹4,618.25₹10,381.75₹1,43,559.78
13₹1,43,559.78₹7,393.33₹15,000.00₹4,306.79₹10,693.21₹1,32,866.57
14₹1,32,866.57₹6,842.63₹15,000.00₹3,986.00₹11,014.00₹1,21,852.57
15₹1,21,852.57₹6,275.41₹15,000.00₹3,655.58₹11,344.42₹1,10,508.15
16₹1,10,508.15₹5,691.17₹15,000.00₹3,315.24₹11,684.76₹98,823.39
17₹98,823.39₹5,089.40₹15,000.00₹2,964.70₹12,035.30₹86,788.09
18₹86,788.09₹4,469.59₹15,000.00₹2,603.64₹12,396.36₹74,391.73
19₹74,391.73₹3,831.17₹15,000.00₹2,231.75₹12,768.25₹61,623.49
20₹61,623.49₹3,173.61₹15,000.00₹1,848.70₹13,151.30₹48,472.19
21₹48,472.19₹2,496.32₹15,000.00₹1,454.17₹13,545.83₹34,926.36
22₹34,926.36₹1,798.71₹15,000.00₹1,047.79₹13,952.21₹20,974.15
23₹20,974.15₹1,080.17₹15,000.00₹629.22₹14,370.78₹6,603.37
24₹6,603.37₹500.00₹6,801.47₹198.10₹6,603.37₹0.00

How to Use This

  • Use your actual card APR and current outstanding balance.
  • Set your monthly payment target and compare with the minimum due path.
  • Paying more early usually reduces both payoff time and interest sharply.
Methodology, assumptions, and source references
Auto-updated on Feb 24, 2026Data snapshot: Sep 13, 2025

Inputs used

  • Outstanding balance, APR, minimum due %, minimum floor amount, and your fixed monthly payment
  • Each month recalculates minimum due after adding monthly interest

Formula basis

  • Monthly interest = opening balance × (APR / 12)
  • Payment applied = max(minimum due, fixed plan payment) for accelerated mode
  • Balance progression is simulated month-by-month until payoff

Assumptions and limits

  • APR remains constant through the simulation period
  • No new card spends, fees, penalties, or rate revisions are included
  • Schedule is capped at a high month limit to flag unstable payoff patterns

Official sources

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