Credit Card Total Months to Pay Off Calculator Basic

We created this credit card payoff calculator to help you figure out how long it will take you to escape credit card debt – and how you can cut that time down. This can help you create a plan that matches your budget and your goals.

Credit Card Payoff Calculator

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Monthly Payment: $100
Credit Card Balance: $2500
Interest Rate: 26%
Total Months to Pay Off Credit Card: 36
Total Interest Paid: $1139.60


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By using this calculator you agree to terms and conditions. These calculators are designed to be informational and educational tools only, and when used alone, do not constitute investment or financial advice. We strongly recommend that you seek the advice of a financial services professional before making any type of investment or deciding on your financial matters. This model is provided as a rough approximation of future financial performance. The results presented by this calculator are hypothetical and may not reflect the actual growth of your own investments. We can't take into account potential lender fees, payoff schedule can be longer than in the estimation. Financialfreedom and its affiliates are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Financialfreedom is not responsible for any human or mechanical errors or omissions.

Use Our Credit Card Payoff Calculator Correctly

To use our credit card payoff calculator, follow the steps listed below:

  1. Enter the base monthly payment you plan to make on your credit card.
  2. Type in the total amount that you currently owe.
  3. Add your current interest rate.
  4. Re-check your numbers, and if they’re accurate, submit your information for calculation.

The calculator will produce a detailed report showing you how many months it will take to pay your credit card debt off and how much interest you will pay throughout the course of paying off your card. You can even watch the details of this report change in real time as you adjust the numbers.

For example, if your credit card balance is , its interest rate is , and your monthly payment amount is , the results will be the following. It will take months to pay off your credit card balance. The total interest you’ll pay will be .

Once all of this is calculated, you can choose to save your results as a .PDF file.

Credit Card Payoff Calculator Definitions

To make the most of this calculator, you must understand a few terms:

Monthly Payment. This is the dollar amount you intend to pay off each month. It can be the same as your minimum payment, or it can be higher.

Credit Card Balance. This is the amount you currently owe on your credit card.

Interest Rate. The amount of interest your credit card company charges on any existing balance. This is typically expressed as an APR, or Annual Percentage Rate.

Total Months to Pay off Credit Card. The amount of time, in months, that it will take to pay your credit card balance based on your intended monthly payment.

Total Interest Paid. The dollar amount you will spend on interest, based on the number of months it will take to pay off your card.

How to Use This Calculator Strategically

To make the best use of our credit card payoff calculator, start with your minimum monthly payment as mandated by the credit card company, and save your original results as a .PDF. Open this file in a separate window. Increase your payment in small increments – $25 to $50 – and watch the numbers change. You’ll see that even a small change in the amount you pay each month can dramatically change how much you pay over time.

If your goal is to get out of debt as quickly as possible, increase your monthly payment to the absolute maximum you can afford to pay. Be careful with this though – your plan will backfire if your payments are too high and you end up having to use your credit card to make it between paychecks.

If you simply want to escape credit card debt a little bit faster than you would by making the minimum payment, consider paying $25-50 more than your minimum payment each month. This will shorten the amount of time you spend in debt without significantly straining your resources.

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