Question: how do you figure minimum payment on a credit card?
Answer: Method 1: Percent of the Balance + Finance Charge 1﻿ So, for example, 1% of your balance plus the interest that has accrued. Let's say your balance is $1,000 and your annual percentage rate (APR) is 24%. Your minimum payment would be 1%—$10—plus your monthly finance charge—$20—for a total minimum payment of $30.