How does the Minimum Due Trap calculator work?

It uses precise mathematical models to reverse-engineer bank calculations, showing you exactly how much money you save or lose.

Is the Minimum Due Trap tool accurate?

Yes, all EQUIS tools use exact financial formulas (including taxation and GST rules where applicable) rather than rough estimates.

Why use EQUIS for Minimum Due Trap?

Because banks don't show you the math. EQUIS reveals the hidden costs, true values, and exact ROI of your financial decisions.

Credit Card Minimum Amount Due Calculator

Find out what happens if you pay only the minimum due. Calculate hidden compounding interest, 18% GST, and debt payoff timelines.

＋Equis / Revolving Debt Audit

FORM MD · REV. 01 · MMXXVI

Apna Card Chunein

APR auto-fill karne ke liye card chuneinexpand_more

Total Outstanding (₹)

Total bill amount

₹

Annual Interest Rate (%)

Salana interest rate

Minimum Due (%)

Normally balance ka 5%

DEBT TRAP

Kharcha (Receipt)

Aapka Total Bill₹50,000

Kitna Extra Interest + GST Diya₹1,86,431

Pay Karne Mein Kitna Time Lagega28y 5m

warningSirf minimum amount dene se, aapka ₹50,000 ka bill aapko total ₹2,36,431 ka padega 341 mahino mein.

RISK MITIGATION

SYSTEM RECOMMENDATION

Compounding Debt Trap Detected

You are liquidating ₹1,86,431 in compound interest penalties. Immediate restructuring via a 0% EMI or Balance Transfer asset is financially imperative.

arrow_downwardEstimated Loss: ₹1,86,431

checkOptimized Loss: ₹0

Initiate Debt Transferarrow_forward

Live Telemetry

SYNCING...

The Minimum Due Debt Trap Explained

Banks encourage paying the "Minimum Amount Due" (usually 5% of your statement balance) to keep your account active without late fees. However, this is the most expensive financial mistake you can make. Here is exactly what happens when you pay only the minimum due:

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1. Interest-Free Period is RevokedThe moment you roll over a balance, you lose the 45-50 day interest-free grace period on all subsequent purchases. Every new swipe starts attracting interest from day one.
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2. 36% to 42% Compounding InterestCredit cards have the highest interest rates in India (3% to 3.5% per month). This interest compounds daily on your remaining balance, causing your debt to spiral out of control.
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3. GST on Interest ChargesThe interest generated every month is treated as a service by the bank, meaning an additional 18% GST is applied to the interest amount itself, further inflating your bill.

Frequently Asked Questions

What happens if I only pay the minimum due on my credit card?expand_more

You avoid the late payment fee and your CIBIL score is not immediately marked as a "default." However, the bank will charge 3% to 4% monthly compounding interest on the remaining balance PLUS an 18% GST on that interest. Also, all new purchases will instantly start accruing interest.

How is credit card interest calculated in India?expand_more

Credit card interest is calculated using the Average Daily Balance method. Formula: (Outstanding Amount x Interest Rate per month x 12 months x No. of days) / 365. This daily calculation leads to a massive compounding effect over time.

Does paying minimum due affect my CIBIL score?expand_more

Paying the minimum due technically keeps your account in "good standing," meaning no late payment mark is reported. However, rolling over a large balance increases your Credit Utilization Ratio (CUR). If your CUR exceeds 30%, your CIBIL score will start to drop significantly.

Kitna Time Lagega28y 5m

Total Kharcha₹2,36,431

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