MayKwentaPH
PHILIPPINESCREDIT CARD · 2026

Credit Card
Minimum Payment

how long, and how much, if you pay only the minimum

Enter what you owe and your card’s monthly interest rate to see how many months it takes to clear the balance if you only ever pay the minimum, and how much interest that costs along the way.

Most Philippine cards charge up to 3 percent a month, and set the minimum due at the higher of 5 percent of the balance or ₱500. Leave the last two blank to use those defaults.

Ready when you are

Enter your balance and rate on the left and your payoff time will appear here.

See how it’s calculated

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Why the minimum costs so much

Three numbers decide how long you stay in debt. Here is what each one does.

Balance

What you currently owe. Interest is charged on this amount every month it stays unpaid.

what you owe
Monthly interest

The finance charge your card adds each month. The BSP caps this at 3 percent per month.

up to 3% monthly
Minimum due

The least you can pay. Usually the higher of a percent of the balance or a peso floor.

the higher of the two

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Questions people ask

answered in plain words

On most Philippine cards the minimum due is the higher of a percentage of your outstanding balance, often 5 percent, or a fixed peso floor, often ₱500, plus any amount already past due. This tool uses the higher of the percent and the floor each month.

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