This calculator tells you how much money you actually end up paying when you repay a credit card debt (or any loan). Given the Balance Amount on your credit card, the Annual Percentage Rate (APR) and your Monthly Payment Amount, this tells you the Finance Charge or Interest, the time it will take to repay your entire debt and the total amount you end up paying.
It is best to pay off your balance in full, but that is not always possible. Use this calculator to plan your payments.
|