Pay Off Credit Card Debt Calculator

Example

Assume the balance on your credit card is , and your card’s interest rate is . You pay per month. If you input these numbers into the calculator, you will get the following results:

  • You will need months to pay off your card.
  • The overall interest to pay will be .

Credit Card Payoff Calculator

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Table

Monthly Payment: $100
Credit Card Balance: $2500
Interest Rate: 26%
Total Months to Pay Off Credit Card: 36
Total Interest Paid: $1139.60

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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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