Credit Card Payoff Time Calculator
Estimate months to pay off a credit card balance.
CalcSimpler Examples
- $1,000 at 18% APR with $50 payment ⇒ 24 months
- $5,000 at 20% APR with $200 payment ⇒ 33 months
FAQ
What if payment is too low?
The formula requires payment to exceed monthly interest.
Is compounding considered?
Yes, it assumes monthly compounding.
Additional Information
No additional information available.
CalcSimpler