Credit Card Information
APR (annual percentage rate):
Payment Option #1: Minimum Payment Only
This option estimates how long it will take to pay off your credit card balance if you plan to make the minimum monthly payments only:
Minimum monthly payment calculation:
Based on the information provided, your first minimum monthly payment is $0.00. Note your minimum payment decreases as you pay down your credit card balance.
Payment Option #2: Minimum Payment Plus
This option estimates how long it takes to pay off your credit card if you commit to paying a set amount in addition to the minimum payment. With this option you commit to paying the minimum monthly payment due plus a set amount extra each month.
For example: minimum payment + twenty dollars
Additional monthly payment:
First minimum monthly payment:
Total first monthly payment:
Payment Option #3: Fixed Payment
This option estimates how long it takes to pay off the credit card balance if you commit to paying a fixed amount each month. This means you set the amount you pay and do not change the amount as you pay your bill down.
For example: pay $300 each month
*Your fixed payment must be greater than or equal to your first minimum monthly payment.*
Fixed monthly payment:
Note: Federal regulations require credit card issuers to disclose on your credit card statement how long it will take to pay off your estimated balance if you make minimum monthly payments. Estimates may be rounded up to the next $100. This debt calculator uses your actual credit card balance, so the results may vary from the estimate shown in your credit card statement.