Featured Credit Cards
Credit Card Payment Calculator
The credit card calculator assumes that you are not using your credit card while you are paying off the balance and that your interest rate remains constant. Interest is compounded monthly. This tool is for educational use only and you should consult a qualified financial adviser when making financial decisions.
Payment Schedule Summary
Time to Pay Off |
Interest Paid | Total Paid |
|
---|---|---|---|
Fixed Payment - $ |
|||
Minimum payment* |
|||
Minimum + $10* |
|||
Minimum + $20* |
* Note: Minimum payment schedule is calculated based on a rate of 3% of the oustanding balance or $10, whichever is higher.
Fixed Payment Schedule - $
Month |
Payment | Interest Paid | Principal Paid | Remaining Balance |
---|---|---|---|---|
1 |
$30.00 | $26.08 | $3.92 | $974.06 |
1 |
$30.00 | $26.08 | $3.92 | $974.06 |