Credit Card Payment Calculator
About This Credit Card Payment Calculator
This is one of the best free and simple-to-use credit card payment calculators to help you estimate how much money you will have to pay each month to pay off your credit card balances within a specific length of time.
Simply enter your outstanding balance amount, monthly due date, annual percentage rate (APR), and when you would like it to be paid off to calculate your estimated monthly payments, total interest, and total payment amount.
This online credit card calculator can be used to calculate the monthly payment amount to pay off credit cards, personal loans, student loans, and other account balances. However, some other types of loans may have early payment fees and penalties you’ll need to consider.
Typical credit card agreements don’t have a payoff or end date because they are revolving balances. However, it can be helpful to know how much money you’ll have to pay each month if you would like to get your balance to zero, or if you would like to pay off your card fully and close the account.
Credit card calculators can help you estimate these numbers using your current balance, interest rate, and desired credit line payoff date.
Although we make a reasonable effort to provide you with helpful and accurate information, this tool should not be considered perfect in regard to your particular situation. Be sure to talk to your credit card issuer, credit union, or bank, and review your cardholder agreement carefully to ensure you know exactly how much money it will take to pay down your credit card balance to zero.