How long will it take me to pay off my Credit Card ?

Use this credit card calculator to determine what it will take to pay off your balance and what you can change to meet your repayment goals. Press the "View Personalized Report" button for a more detailed look.

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Definitions

Current Balance
Current outstanding balance on your credit card.

Payoff Goal (In Months)
Your goal for paying off this credit card. This is the number of months by which you would like to have completely paid off this credit card balance.

Current Monthly Payment
The amount you are currently paying per month on this credit card. Please enter the amount you actually pay, not the minimum payment. This amount is used to calculate how long it will take you to payoff your balance.

Planned Additional Monthly Charges
Total new charges you expect to put on this credit card per month.

Interest Rate (APR)
The annual percentage rate for this credit card. ( Please verify your rate to your terms and conditions. )

Annual Fee
Your annual fee for this credit card.

Major Purchase
If you expect a major purchase beyond your normal charges, enter the amount to be spent here.

Months From Now
Number of months before your major purchase will occur.

We welcome the opportunity to discuss how we can assist you. We will provide you with professional, yet personal assistance in assessing your specific needs. Contact Us

This information is provided for illustrative purposes only and is not intended to constitute legal, financial or other advice. This information does not constitute an application, offer or commitment by Cabarrus Bank & Trust or a representation of current tax, stock value, interest rates, investment performance or any other future performance. The accuracy of this calculator and its applicability to your circumstances is not guaranteed. You should obtain personal advice from qualified professionals.

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