Estimate months and interest to clear a card balance at a fixed monthly payment.
| Months | – |
| Interest paid | – |
Use this credit-card payoff calculator when you will send the same amount every month until the balance is gone. The monthly rate is APR ÷ 12. Interest is added each month before the payment is subtracted. If the payment does not cover the first months’ interest, the balance never falls and the calculator stops with an error. The loop is capped at 50 years (600 months).
Issuer minimum-payment rules vary; type the euro (or dollar) amount you will actually send, not a percent of the statement. Extra purchases are ignored.
Balance: What you owe today.
APR (%): The card’s annual percentage rate, e.g. 19.9 for 19.9%.
Payment / month: The fixed amount you will pay each month.
Months: How many months until the balance is cleared.
Interest paid: Cumulative interest over that payoff.
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