Wondering how long it will take to pay off your credit card balance? Enter the balance, interest rate, and monthly payment, and our Credit Card Calculator will show you the way!
Credit Card Calculator
| Parameter | Description | Example Value |
|---|---|---|
| Balance | The current outstanding balance on the credit card. | $3,000 |
| Interest Rate | The annual interest rate applied to the credit card balance. | 18% |
| Minimum Payment | The minimum monthly payment required. | $75 |
| Monthly Payment | The amount paid each month towards the balance. | $200 |
| Payoff Time | The total time required to pay off the balance. | 18 months |