Financial Resource Center


Credit Card Pay Off Calculator
Card Name Balance Interest Rate Min Pay (%) *

Your current total minimum monthly payment for .

With minimum payments only, it will take  to pay down your credit card debt.

You will pay  in interest during the payoff period.

Enter an additional monthly amount available for paying off this debt, then press 'Calculate.' Remember, this calculator assumes you are going to pay no less than your 'starting' minimum payment. It also assumes that you will pay off the credit card with the highest interest rate first--by throwing all of your newfound cash at that bill while paying the minimum on the other bills--and that you'll add no more debt. Print your results to save for future reference and to track your progress.

Amount of monthly extra payment: $

Paying an additional  per month, it will take   months to pay down your debt.

You will pay  in interest during the payoff period -- a savings of  .


* Minimum monthly payments generally are 2% to 4% of the balance or $10.00.
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