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Use our Credit Card Payoff Calculator to see different repayment scenarios based on when you want it paid off, amount you owe, and interest and additional fees. See the benefits of how the less time it takes to pay off your credit card, the more money you can save on avoiding additional interest and fees.
Credit Card Payoff Calculator
Leverage the calculator below to help determine the pay off amount for your credit card.
Financial Calculators from
Dinkytown.net
$204 a month will pay off balance in 24 months.
| Credit card information: Press spacebar to hide inputs |
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$0
$10k
$100k
$1m
0%
10%
20%
30%
1
40
80
120
$0
$1k
$5k
$10k
$0
$1k
$5k
$10k
$0
$66
$133
$200
| Planned major purchases: Press spacebar to show inputs |
$0
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$0
$1k
$5k
$10k
0
12
24
36
$0
$1k
$5k
$10k
0
12
24
36
| Credit Card Payoff by Month press spacebar to hide graph |
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| Alternate Payoff Scenarios press spacebar to show graph |
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Definitions
Current balanceCurrent outstanding balance on your credit card.
Interest rate (APR)The annual interest rate being charged for this credit card.
Payoff goal (in months)Your goal for paying off this credit card. This is the number of months by which you would like to have completely paid off this credit card balance.
Current monthly paymentThe amount you are currently paying per month on this credit card. Please enter the amount you actually pay, not the minimum payment. This amount is used to calculate how long it will take you to pay off your balance.
Additional monthly chargesTotal new charges you expect to put on this credit card per month.
Annual feeYour annual fee for this credit card, if any.
Major purchaseIf you expect a major purchase beyond your normal charges, enter the amount to be spent here.
Months from nowNumber of months before your major purchase will occur.
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