Step-by-step guide

How to use the Credit Card Payoff Calculator

Follow these steps to enter the right values, understand the output, and compare realistic scenarios using the credit card payoff calculator.

How to use it

  1. Step 1.Enter your current credit card balance.
  2. Step 2.Add the annual percentage rate shown on your statement.
  3. Step 3.Enter the monthly payment you plan to make.
  4. Step 4.Check the estimated payoff timeline and test higher payment amounts to see how much time and interest you could save.
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