// by seankriegler.com
Credit Card Payoff Calculator
See how long it takes to pay off your balance and how much interest you'll pay
Additional amount above your payment
Optional card annual/monthly fee
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Months to Pay Off
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Years
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Total Interest
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Total Paid
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Total Account Fees
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Minimum Payment (2%)
// Minimum Payments
Paying only the minimum (typically 2% of balance) can take decades to pay off and costs thousands in interest.
// Extra Payments
Even adding a small amount above your minimum each month can save you years and thousands. Try entering different amounts to see the impact.
// Account Fees
Many credit cards charge monthly or annual account fees that add up over time. These are separate from interest but increase your total cost of carrying a balance.
// Strategy
Consider balance transfer cards with 0% intro APR, or the debt avalanche method — pay highest APR cards first.