Credit Card Payoff

Calculates time and interest to pay off balances under fixed payments or percentage-based minimums.

Key Inputs

• Balance and APR
• Fixed payment or % minimum
• Fees and new charges

Example

$5,000 at 18% with $200/month → payoff ≈ 31 months, interest ≈ $1,200.

FAQs

Snowball vs avalanche?
Pay highest interest first (avalanche) to minimize cost.

Intro APR?
Account for promotional rates changing over time.