Credit Card

Calculate credit card payoff time and interest

Input

Current Balance

Interest Rate (%)

Minimum Payment (%)

Percentage of balance for minimum payment

Minimum Payment Floor

Minimum payment cannot go below this amount

Additional Payment

Target Payoff (months)

Optional: Calculate payment needed to pay off in this time

Results

First Payment

CHF 150.00

Average: CHF 102.76

Time to Payoff

6 years, 10 months

(82 total months)

Payment for 24-Month Payoff

CHF 254.45

Total Interest

CHF 3,426.43

Total Paid

CHF 8,426.43

Current BalanceCHF 5,000.00

+ Total InterestCHF 3,426.43

= Total CostCHF 8,426.43