Use the calculator below to help you answer these questions:
How long will it take to pay off my balance
by paying the minimum payment?
How many payments will it take
to pay off my balance and how much interest will I end up paying?
How much does a lower interest rate save me
on interest charges?
Fill in ALL of the numbered fields on TOP and your
results will appear in the fields below.
Enter the total charge amount or balance here.
Enter your current or desired interest rate here.
Enter the minimum payment % from your current or desired card Here.
Enter the minimum payment or desired payment here.
(Note: Somewhere in your credit card disclosure statement, you will
find something similar to "your minimum payment will be 2% of the
balance or $10, whichever is higher". This is what you should
enter in #3 & #4. The calculator will use the higher of #3 or #4.)
Dollar
Amount
Charged
Annual
Interest
Rate
Minimum
Payment
Percent
Minimum
or chosen
Payment
Total
Interest
Charges
Number
of
Payments
(600 MAXIMUM)
Total
#
of Years
to Pay Off
Please
Note: The calculator's accuracy to your circumstances may not be
guaranteed.
