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Payoff Credit Card

Use this calculator to see what it will take to pay off your credit card balance, and what you can change to meet your repayment goals.

What will it take to pay off my credit card balance?

CALCULATED_MONTHLY_PAYMENT per month could pay off your credit card in MONTHS_TO_PAYOFF_GOAL months.


To pay off your credit card balance of CURRENT_BALANCE in MONTHS_TO_PAYOFF_GOAL months you need to pay CALCULATED_MONTHLY_PAYMENT per month based on the information you entered. This includes your additional monthly purchases of MONTHLY_CHARGES and your major purchases. This assumes no additional charges such as late fees. If you keep your monthly payment at CURRENT_MONTHLY_PAYMENT it will take CURRENT_MONTHLY_MSG to pay off this credit card.

Results Summary
Current balance CURRENT_BALANCE
Planned additional monthly charges MONTHLY_CHARGES
Major purchase 1 DRAW_ONE in MONTHS_FROM_NOW_ONE month(s)
Major purchase 2 DRAW_TWO in MONTHS_FROM_NOW_TWO month(s)
Annual fee ANNUAL_FEE
Interest rate (APR) INTEREST_RATE

Payment schedule with your current payment of CURRENT_MONTHLY_PAYMENT



This Financial Calculator requires SUN's Java™ Plug-in. If you see this message you will need to download SUN's Java™ Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing “Install ActiveX Control”.

You can also get SUN's Java™ Plug-in here: Get the Java™ Plug-in!

For more information about this Plug-in please visit: SUN's Java™ Plug-in
For more information these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC


Current balance
Current outstanding balance on your credit card.

Pay off 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 payment
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.

Planned additional monthly charges
Total new charges you expect to put on this credit card per month.

Interest rate (APR)
The annual percentage interest rate being charged for this credit card.

Annual fee
Your annual fee for this credit card, if any.
Major purchase
If you expect a major purchase beyond your normal charges, enter the amount to be spent here.

Months from now
Number of months before your major purchase will occur.

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