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Credit & Debt
Management
Calculators

How Long Will It Take to Pay Off My Credit Card?

Americans today owe more money than ever before. The fact that 'interest never sleeps' means that the situation will continue to worsen unless steps are taken at the individual level to reduce or eliminate debt. Additional monthly payments can make a difference to accelerate the payoff and save yourself hundreds and thousands in interest payments.
Credit Card or Loan Information
Current credit card balance ($)
Annual percentage rate: (%)
Minimum payment percentage: (%)
Minimum payment amount ($)
Skip December payment when offered?
Proposed additional monthly payment ($)
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This information may help you analyze your financial planning needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. This service shall not infer that company assumes any fiduciary duties. In addition, such service should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.