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.

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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.