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Credit Card Minimum Payment Calculator: Managing Your Finances WiselyFree credit card calculator to find the time it will take to pay off a balance, or the amount necessary to pay it off within a certain time frame. In most cases, Chase calculates your minimum payment as a flat fee of $40 or 1% of your statement balance, plus any interest and late fees since the last. Free credit card payoff calculator for finding the best way to pay off multiple credit cards and estimating the length of time it would take.