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Credit Card Payoff Calculator
Use this calculator to see what it will take to pay off your credit card balance, and what you can change to meet your repayment goals.
calculator
definitions
Current balance
Current outstanding balance on your credit card.
Pay off 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 pay off 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 interest rate being charged for this credit card.
Annual fee
Your annual fee for this credit card, if any.
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.
Discounts & Benefits
Financial Guidance Services for members provided by Charles Schwab.
Members can convert their assets into guaranteed income for life with AARP Lifetime Income Program from New York Life.
Members can make a difference to help end hunger with the AARP® Visa® Card from Chase.
Members receive exclusive member benefits & affect social change. Join Today
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