Credit Card Pay Off Calculator
If you have credit card debt, one of your first financial goals should be to pay it off fast. Use this calculator to find out how much you'll need to pay each month to eliminate the debt.
To protect your privacy, the information you enter into this tool will not be saved beyond the current session. You can, however, print this page to retain a copy of the data you enter.
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Definitions
- Current balance: Current outstanding balance on your credit card. Round your entry to the nearest dollar.
- Payoff goal (in months): Your goal for paying off this credit card. This is the number of months in which you would like to have completely paid off this credit card balance.
- 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. Round your entry to the nearest dollar.
- Planned additional monthly charges: Total new charges you expect to put on this credit card per month. Round your entry to the nearest dollar.
- Interest rate (APR): The annual percentage rate (APR) for this credit card.
- Annual fee: Your annual fee for this credit card.
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