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Credit Card Calculators

Question: How much should I pay each month to get my credit card paid off?

Enter your credit card's current balance, its annual interest rate, and the amount of time in which you'd like to get the card paid off. This calculator will tell you how much to pay each month to reach that goal. (This assumes you won't make any more purchases with the card during the payoff period.)

Step 1: Enter the current balance on your credit card. (How much do you owe?)

$

Step 2: What is the card's interest rate (shown as APR on your credit card statement)?

 %

Step 3: Over what period of time would you like to get this card paid off (in months, please)?

months

 

If you pay $ or more each month, you will have your card paid off in the time period you entered.

 

 

More Credit Card Calculators

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420

 

* 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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