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Credit Card Calculators

Question: How long will it take to pay off my credit card balance?

Enter your credit card balance, interest rate and a monthly payment amount, then hit Calculate to see how long it would take to pay off your balance if you made that same payment every month (assuming you stopped putting new charges on the card, of course). To understand how just a little extra each month can affect the time until payoff, increase the monthly payment slightly and re-calculate -- the change may surprise you.

(Note: If your browser stops working or gives an error message, that means you would never pay the card off given the monthly payment you've entered. In this case, refresh the page and try again with a higher monthly payment.)

 

Enter your credit card's current balance:

$

Enter the card's interest rate (listed as APR on your credit card statement):

 %

Enter a monthly payment amount (in dollars)

$

 

 

At the rate of payment you entered, it would take months to pay off the card.

 

More Credit Card Calculators

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* variable rate = credit card interest rate changes in line with federal interest rates or other rate index; fixed rate = credit card rate stays the same regardless of changes in federal rates, but still may be changed by credit card issuer in the future.

** See the online Discover credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on Discover's website.

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