SAFE Federal Credit Union - Where Membership Matters

WHAT WILL IT TAKE TO PAY OFF MY CREDIT CARD?

SAFE FCU  >  Rates & Calculators  >  Financial Calculators  >  Credit Card Payoff Calculator

Credit card balances sometimes seem to take on a life of their own.

If you've wondered how a habit of paying only the minimum due each month affects you, check out this calculator. Or use the calculator to help you determine how much better off you'd be with a lower-rate credit card from the credit union.

Current Balance:

Future Monthly Charges:

Future Monthly Payments:

Goal - Months Until Payoff:

Annual Fee:

Annual Rate:

%
 

 

If you want to pay off your balance of $  in months, stop making charges to your card and make a monthly payment of $ . (If you continue to make charges, notice the effect on your calculations—and on your budget!)

Otherwise, at your current payment of $ , you will pay off your balance in months.

 

This calculator is solely for informational purposes and provides reasonably accurate results; the calculations are not intended to be relied upon as actual credit payment computations.

 

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