Credit Card Payoff Calculator

Credit card minimum payments can seem like a small, manageable amount, but relying on them can significantly increase the total cost of your debt and extend your repayment period. Understanding how they work is crucial for effective financial management.

Credit Card Payoff Calculator
$
Enter your current outstanding balance.
%
Enter your annual interest rate (e.g., 18 for 18%).
%
Typically between 1% and 3% of the balance.
$
The minimum flat dollar amount you must pay.

Results

Estimated Months to Pay Off: 62 months
Total Interest Paid: $550
Total Amount Paid: $1,550