Credit Card Minimum Payment Calculator Malaysia
Credit Card Minimum Payment Calculator Malaysia
The minimum payment is the lowest amount you must pay each month to keep your account current. In Malaysia, this is 5% of your balance or RM50, whichever is higher. While this avoids late fees, it can trap you in long-term debt because interest keeps piling up.
Our Credit Card Minimum Payment Calculator Malaysia shows you how long it takes to pay off your balance if you only make minimum payments — and why paying more is a smarter choice.
How Minimum Payments Work
If your balance is RM2,000, the minimum is 5% = RM100. Pay only that, and the remaining RM1,900 continues to accrue interest. Next month, interest is added on top, and the cycle repeats.
For larger balances, this means repayment can stretch into years, with total interest exceeding the original borrowed amount.
Using the Calculator
Enter your outstanding balance (RM).
Choose your interest rate (e.g. 18%).
Select Minimum Payment preset.
Click Calculate.
You’ll see how many months it will take to repay, how much total interest is charged, and how much you’ll end up paying overall.
Example Scenario
Balance: RM5,000
Interest: 18% p.a.
Minimum Payment: RM250 (5%)
Result: It may take 7+ years to clear, and interest could exceed RM3,000.
If instead you pay RM500 per month, repayment drops to under 1 year, with less than RM400 in interest.
Why Paying Only Minimum Is Risky
Debt lasts much longer.
Interest costs multiply.
You remain stuck in the high interest tier.
Financial stress increases because balance hardly goes down.
How to Escape the Minimum Trap
Always pay more than the minimum — even an extra RM100 helps.
Consider a balance transfer with 0% interest.
Use personal loans with lower rates to consolidate high-interest debt.
Avoid new spending on the card until the balance is cleared.
Final Word
If you searched for a credit card minimum payment calculator Malaysia, this tool shows how costly paying only the minimum can be. Test different repayment amounts and commit to paying more to save thousands in interest.