Calculate how long it takes to pay off a credit card using only minimum payments and the total interest you will pay. See how much extra payments can save you.
Minimum payment is typically the greater of a fixed amount (e.g., $25) or a percentage of the balance (e.g., 2%). The calculator iterates month-by-month as the balance and payment both change.
Find out when you'll be debt-free and total interest paid on your credit card.
Plan your debt-free date and see how extra payments accelerate your payoff.
Calculate your debt snowball payoff plan by targeting smallest balances first.
Determine your credit utilization ratio and its impact on your credit score.
Predict how financial decisions will impact your credit score.
Compute your DTI ratio to understand your borrowing capacity.
