Credit Card Payoff Calculator

If you want to find out how much time and money it will cost you to pay off your credit card

If you’ve wondered how a habit of paying the minimum payment per month affects your finances, check out this calculator. Or use the calculator to help you determine how much better off you’d be with a lower-rate credit card from your Credit Union.

Current balance $  
Future monthly charges $  
Future monthly payments $  
Goal: Months until payoff
Annual fee $  
Annual rate

If you want to pay off your balance of $ in months,
do not make any more charges to your card and make a monthly payment of
 $ . (If you continue to make charges, it will effect on your calculations—and on your budget!)

At your current payment of $ ,
you will pay off your balance in   months.

This calculator is for informational purposes and provides reasonably accurate results; the calculations are not intended to be relied upon as actual credit payment computations.
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