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Credit Card Payoff Calculator
See how long it takes to clear a credit card balance and what the interest costs.
How this calculator works
Enter the card balance, the APR and what you plan to pay each month. The calculator applies interest monthly and counts the months until the balance is gone.
Example
A $5,000 balance at 22% APR with $200 paid each month takes 34 months, with about $1,800.00 in interest.
Tips
- Paying only the minimum can take many years. Raise your payment if you can.
- Avoid new purchases on the card while you pay it down.
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Results are estimates only. See our disclaimer.