Association of American Medical Colleges Tomorrow's Doctors, Tomorrow's Cures®

Credit Card Repayment Calculator

To get an idea of what it takes to pay off credit card debt, enter a credit card balance and interest rate. Then enter the monthly payment you can afford, OR your deadline to be debt-free. Leave the other window blank. Click calculate to get the results.

Please note: A typical interest rate is 19 percent, though some go as high as 35 percent if a few payments have been missed (in addition to late payment fees that average $34 per month).



Enter a credit card balance: $
Enter an interest rate:    %
Enter a payment amount per month: $
or    
Enter desired months until debt free:  



It will take you to pay off your credit card.


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