Why the minimum due costs so much
The minimum amount due is usually 5% of the bill (at least ₹100 to ₹200). Card interest is usually 3% to 3.75% a month, and 18% GST is added to the interest, so a month's charges are about 3.5% to 4.4% of the balance. A 5% payment repays only about 1% of what you owe; the rest goes on interest and GST.
Paying less than the full bill also ends the interest-free period: interest is charged on the whole outstanding from the date of each purchase, and new purchases start charging interest at once, until the card is clear.
How this calculator works
- Each month, interest is the monthly rate on the balance, plus 18% GST on that interest.
- The minimum due is your percentage of the bill, at least the minimum amount, and the whole bill when it's smaller.
- It assumes no new spends, fees or EMIs on the card. Cards work out interest daily, so your statement will differ a little.
Getting out of card debt
Stop adding to the balance, then pay a fixed amount you can manage that's well above the minimum: the "To clear it in a year" figure shows what that takes. A personal loan or the card's EMI conversion usually costs far less than card interest (compare with the EMI calculator). Then build an emergency fund so the next big bill doesn't go on the card.
Results are estimates for illustration only, not financial advice. Banks and schemes may round, apply TDS or use slightly different day counts — confirm figures with your bank or employer. Written by the Welthr team; last reviewed on .