Credit Card Payoff Calculator
How to plan paying off a credit card
- Choose whether to find the months to pay off or the monthly payment needed.
- Enter the balance and the APR.
- Enter the payment or the number of months to see the total interest.
Frequently asked questions
Why does it say the balance never goes down?
If the payment is no more than one month of interest, the balance stays the same or grows. Raise the payment above the monthly interest shown on your statement.
Does it include new purchases?
No. It assumes you stop using the card while you pay it off.
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