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Credit card payoff calculator

Estimate payoff time, interest and a schedule for fixed monthly payments.

Let’s run the numbers

USD

Amounts use the selected country’s currency; switching country does not convert values.

Example rates are not market quotes. Enter the bank or contract rate for the selected country and check the interest convention; changing country does not convert amounts. US: savings APY is an effective annual yield. For cards, check the APR, daily interest basis and contract terms.

Amounts use the selected country’s currency; switching country does not convert values.

THE NUMBERS, MADE CLEARInstant calculation
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Your answer starts here

Check your inputs and select Calculate.

Excludes new purchases, fees, penalties, grace periods and rate changes. Assumes a fixed payment at each month end, up to 1200 payments; not an issuer minimum-payment model.

Common uses

Estimate a card payoff plan using the contractual annual rate, daily interest convention and fixed monthly payment.

BEHIND THE NUMBERS

Formula & assumptions

I = B × r; B′ = B + I − P

Excludes new purchases, fees, penalties, grace periods and rate changes. Assumes a fixed payment at each month end, up to 1200 payments; not an issuer minimum-payment model.

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