Credit Card Payoff Calculator
Find out how long it will take to pay off a credit card balance and how much interest you will pay.
Enter your values and press Calculate.
How to use the Credit Card Payoff calculator
Paying only the minimum can take decades. Even a small increase in your monthly payment cuts the total interest dramatically.
Formula
Months = −ln(1 − i·B ÷ P) ÷ ln(1 + i), where B is balance, P payment and i the monthly rate (APR ÷ 12).
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