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Credit Card Payoff Calculators
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Use this calculator to see what it will
take to payoff your credit card balance, and
what you can change to meet your repayment
goals.
Definitions
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Current balance
-
Current outstanding balance on your
credit card.
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Payoff goal (in months)
-
Your goal for paying off this credit
card. This is the number of months by
which you would like to have completely
paid off this credit card balance.
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Current monthly payment
-
The amount you are currently paying per
month on this credit card. Please enter
the amount you actually pay, not the
minimum payment. This amount is used to
calculate how long it will take you to
pay off your balance.
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New charges per month
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Total new charges you expect to put on
this credit card per month.
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Interest rate (APR)
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The annual percentage rate for this
credit card.
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Annual fee
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Your annual fee for this credit card.
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Major purchase
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If you expect a major purchase beyond
your normal charges, enter the amount to
be spent here.
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Months from now
-
Number of months before your major
purchase will occur.
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