You have heard how making minimum payments on a credit card with a substantial amount of debt can easily take 20 years to pay off. Have you ever wondered how this will apply to your personal situation? Try this debt calculator and find out!

Minimum payment

On your cardholder's agreement will be some language describing how your minimum payment is figured. Usually it is 3.5%, 3.75%, or 4.0% of your current outstanding balance (with a $10 minimum).
Your Minimum Payment: 3% 3.25% 3.5% 3.75% 4% 4.25% 4.5% 4.75% 5% 5.25% 5.5% 5.75%

APR

What is the APR finance charge that your card is carrying? Typically you will find this number on your monthly statement listed as ANNUAL PERCENTAGE RATE and broken down between purchases, cash advances, and balance transfers. Use the highest APR for which you have a balance, as credit card companies always apply your payments to the balance with the LOWEST APR first in order to maximize their profits through finance charges.
Your APR: 12.9% 13% 13.1% 13.2% 13.3% 13.4% 13.5% 13.6% 13.7% 13.8% 13.9% 14% 14.1% 14.2% 14.3% 14.4% 14.5% 14.6% 14.7% 14.8% 14.9% 15% 15.1% 15.2% 15.3% 15.4% 15.5% 15.6% 15.7% 15.8% 15.9% 16% 16.1% 16.2% 16.3% 16.4% 16.5% 16.6% 16.7% 16.8% 16.9% 17% 17.1% 17.2% 17.3% 17.4% 17.5% 17.6% 17.7% 17.8% 17.9% 18% 18.1% 18.2% 18.3% 18.4% 18.5% 18.6% 18.7% 18.8% 18.9% 19% 19.1% 19.2% 19.3% 19.4% 19.5% 19.6% 19.7% 19.8% 19.9% 20% 20.1% 20.2% 20.3% 20.4% 20.5% 20.6% 20.7% 20.8% 20.9% 21% 21.1% 21.2% 21.3% 21.4% 21.5% 21.6% 21.7% 21.8% 21.9% 22% 22.1% 22.2% 22.3% 22.4% 22.5% 22.6% 22.7% 22.8% 22.9% 23% 23.1% 23.2% 23.3% 23.4% 23.5% 23.6% 23.7% 23.8% 23.9% 24% 24.1% 24.2% 24.3% 24.4% 24.5% 24.6% 24.7% 24.8% 24.9% 25% 25.1% 25.2% 25.3% 25.4% 25.5% 25.6% 25.7% 25.8% 25.9% 26% 26.1% 26.2% 26.3% 26.4% 26.5% 26.6% 26.7% 26.8% 26.9% 27% 27.1% 27.2% 27.3% 27.4% 27.5% 27.6% 27.7% 27.8% 27.9% 28% 28.1% 28.2% 28.3% 28.4% 28.5% 28.6% 28.7% 28.8% 28.9% 29% 29.1% 29.2% 29.3% 29.4% 29.5% 29.6% 29.7% 29.8% 29.9% 30% 30.1% 30.2% 30.3% 30.4% 30.5% 30.6% 30.7% 30.8% 30.9% 31% 31.1% 31.2% 31.3% 31.4% 31.5% 31.6% 31.7% 31.8% 31.9% 32% 32.1% 32.2% 32.3% 32.4% 32.5% 32.6% 32.7% 32.8% 32.9% 33% 33.1% 33.2% 33.3% 33.4% 33.5% 33.6% 33.7% 33.8%

Balance

Locate your latest balance on your latest monthly statement.
Your Latest Balance: