Card simulator

How credit cards really work

Add a few purchases, choose how you'll pay, and watch the interest — see for yourself why paying in full beats paying the minimum.

1. What did you buy?

Credit limit₱

Gadget
₱8,000

Statement balance₱8,000

Available credit₱22,000

2. Your billing cycle

1Credit issued

2You buy

3Statement

4Due date

Grace period

Pay the full statement balance by the due date and your purchases cost ₱0 interest — that's the grace period. Carry any balance and interest kicks in.

3. How will you pay?

Minimum due this month₱500/mo

⚠️ Worst option: paying only the minimum drags this out to 22 months and ₱2,614 in interest — early on, almost all of it just covers interest.

Monthly interest rate%/mo

Months to clear

₱2,614

Total interest

₱10,614

Total paid

You'll clear it in 22 months and pay ₱2,614 in interest on top.

Payment schedule

Mo.	Outstanding balance	Interest	Payment	Left
1	₱8,000	—	−₱500	₱7,500
2	₱7,500	+₱225	−₱500	₱7,225
3	₱7,225	+₱217	−₱500	₱6,942
4	₱6,942	+₱208	−₱500	₱6,650
5	₱6,650	+₱200	−₱500	₱6,350
6	₱6,350	+₱190	−₱500	₱6,040
7	₱6,040	+₱181	−₱500	₱5,721
8	₱5,721	+₱172	−₱500	₱5,393
9	₱5,393	+₱162	−₱500	₱5,055
10	₱5,055	+₱152	−₱500	₱4,706
11	₱4,706	+₱141	−₱500	₱4,347
12	₱4,347	+₱130	−₱500	₱3,978
13	₱3,978	+₱119	−₱500	₱3,597
14	₱3,597	+₱108	−₱500	₱3,205
15	₱3,205	+₱96	−₱500	₱2,801
16	₱2,801	+₱84	−₱500	₱2,385
17	₱2,385	+₱72	−₱500	₱1,957
18	₱1,957	+₱59	−₱500	₱1,516
19	₱1,516	+₱45	−₱500	₱1,061
20	₱1,061	+₱32	−₱500	₱593
21	₱593	+₱18	−₱500	₱111
22	₱111	+₱3	−₱114	₱0

Mo. 1Payment −₱500
₱7,500
Left
Mo. 2Interest +₱225Payment −₱500
₱7,225
Left
Mo. 3Interest +₱217Payment −₱500
₱6,942
Left
Mo. 4Interest +₱208Payment −₱500
₱6,650
Left
Mo. 5Interest +₱200Payment −₱500
₱6,350
Left
Mo. 6Interest +₱190Payment −₱500
₱6,040
Left
Mo. 7Interest +₱181Payment −₱500
₱5,721
Left
Mo. 8Interest +₱172Payment −₱500
₱5,393
Left
Mo. 9Interest +₱162Payment −₱500
₱5,055
Left
Mo. 10Interest +₱152Payment −₱500
₱4,706
Left
Mo. 11Interest +₱141Payment −₱500
₱4,347
Left
Mo. 12Interest +₱130Payment −₱500
₱3,978
Left
Mo. 13Interest +₱119Payment −₱500
₱3,597
Left
Mo. 14Interest +₱108Payment −₱500
₱3,205
Left
Mo. 15Interest +₱96Payment −₱500
₱2,801
Left
Mo. 16Interest +₱84Payment −₱500
₱2,385
Left
Mo. 17Interest +₱72Payment −₱500
₱1,957
Left
Mo. 18Interest +₱59Payment −₱500
₱1,516
Left
Mo. 19Interest +₱45Payment −₱500
₱1,061
Left
Mo. 20Interest +₱32Payment −₱500
₱593
Left
Mo. 21Interest +₱18Payment −₱500
₱111
Left
Mo. 22Interest +₱3Payment −₱114
₱0
Left