Minimum Balance Due vs Fixed Credit Card Repayment Calculator

Making minimum credit card payments is an expensive way to go through life! Use this calculator to see just how much money you can save by paying higher fixed monthly payments.

Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it. Compound interest is the most powerful force in the universe. Compound interest is the greatest mathematical discovery of all time." - Albert Einstein
Principal Balance:
Credit Card Interest Rate (APR%):
Minimum payment percentage:
Fixed payment amount you could afford each month ($):
Your Results
Months Making Payments:
Years to Pay Off Existing Balance:
Interest Paid:
Principal Paid:

Long payment schedules make take 15 seconds to appear on your screen.

 

 

Credit Card Debt.