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 Credit
Card Payoff
Calculator
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Use this
calculator to see what it will take to
payoff your credit card balance, and what
you can change to meet your repayment goals.
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Definitions
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Current balance
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Current outstanding balance on your credit card.
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Payoff goal (in months)
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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.
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Current monthly payment
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The 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.
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New charges per month
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Total new charges you expect to put on this credit
card per month.
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Interest rate (APR)
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The annual percentage rate for this credit card.
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Annual fee
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Your annual fee for this credit card.
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Major purchase
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If you expect a major purchase beyond your normal
charges, enter the amount to be spent here.
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Months from now
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Number of months before your major purchase will
occur.
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