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Credit Card Payoff Calculator

Credit Card Payoff Calculator



Financial Calculators

Credit Card Payoff Calculator

 (more calculators)

Use this calculator to see what it will take to payoff your credit card balance, and also what you can change to meet your specific repayment goals. You can compare scenarios and find out how long it should take to pay off your balance depending on multipe factors. Click the "View Report" button for a detailed look at the results.




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



Definitions



Current balance
Current outstanding balance on your 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 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 payoff 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 rate for this credit card.

Annual fee
Your annual fee for this credit card.

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.




Credit Card Advice

Credit Card Advice



Three things to know about business credit cards
Three things to know about business credit cards
If you own a small business, you should consider using business, not personal, credit cards, for business-related expenses. But there are important things to know about business credit cards before applying. Read on for three items that should not be overlooked. Read more

Changes to look for in your credit card statement
Changes to look for in your credit card statement
There will be positive changes in your credit card statement in 2010 courtesy of the Federal Government. In 2009, however, you might see increased interest and fees accompanied by lower credit limits. Read on for more changes to expect with your credit card statements in 2009 and beyond. Read more

:: More Credit Card Advice



Credit Cards Tips

Latest Credit Cards Tips




New credit card laws for 2010
The Credit Card Accountability, Responsibility and Disclosure Act (CARD Act) is set to go into full effect February 22, 2010. Read more


What to do when your credit card is missing
Is it a very disconcerting situation when you discover you have lost your credit card. You need to keep your thoughts straight and follow a logical process. Read more

:: More Credit Cards Tips




Credit Cards FAQs
Credit Cards FAQs

Credit Cards FAQs



:: More Credit Cards FAQs


Note: This information is for general use only. Use this information as part of a full research process. General financial advice does not always apply directly to individual financial matters. Please consult a financial expert with specific and complex questions about your individual situation.




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