How to Calculate Your Credit Card Minimum Payments on a Calculator

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Most banks calculate minimum credit card payments by taking a simple percentage of the total balance on the card, so finding the amount due means simply looking up what percentage is used to calculate your minimum payment in your credit card contract and plugging it into the calculator.

Punch in your current balance on your calculator.

Press the multiplication button.

Press the "." key, since percentages are always decimal values.

Type in your minimum payment percentage using at least two digits. For example, 5 per cent would be:


On the other hand, 10 per cent would be:


Press the equals (=) sign. This will be your minimum payment.

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