Credit Card Repayment Calculator
April 16, 2013
Welcome to the Federal Reserve’s Credit Card Repayment Calculator. Based on the information you provide, the calculator will give you an estimate of how long it will take you to pay off your credit card balance. The calculator assumes:
- you make no more charges; and
- you make only the minimum payment each month.
The more people know about effectively managing their money, the more likely they are to increase savings, successfully buy and maintain homes, and improve their financial health and well-being.
Try the Credit Card Repayment Calculator.