<ul><li>Making the minimum payment on your credit card debt is important to avoid late fees and damage to your credit score.</li><li>Although paying the minimum is better than missing a payment, the interest fees can significantly increase the total cost over time.</li><li>Using Forbes Advisor’s minimum payment calculator will help estimate the time and cost to pay off credit card debt with only minimum payments.</li><li>Consider applying for a 0% APR card for one-time expenses to avoid interest charges temporarily, but aim to pay off the total balance before the promotional period ends.</li></ul>

Credit Card Minimum Payment Calculator

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