Credit Card Payment Calculator

Example

Suppose that you have on your credit card, your card’s APR is , and you want to eliminate your debt in  years. The results will be as follows:

  • Your yearly payment amount will be .
  • The overall interest you’ll have to pay on your credit card is going to be .

Credit Card Payment

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First Name*
Last Name*
Email*
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Table

Credit Card Balance:
Yearly Interest Rate:
How fast do you want to payoff (years):
Payment Amount:
Total Interest Paid:

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Amortization Schedule

Payment Principal Interest Loan Balance
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Chart

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By using this calculator you agree to terms and conditions. These calculators are designed to be informational and educational tools only, and when used alone, do not constitute investment or financial advice. We strongly recommend that you seek the advice of a financial services professional before making any type of investment or deciding on your financial matters. This model is provided as a rough approximation of future financial performance. The results presented by this calculator are hypothetical and may not reflect the actual growth of your own investments. We can't take into account potential lender fees, payoff schedule can be longer than in the estimation. Mycreditcards and its affiliates are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Mycreditcards is not responsible for any human or mechanical errors or omissions.

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