Sunday, September 7, 2008, 3:53PM ET - U.S. Markets Closed.

Banking & Budgeting

How Long Will It Take To Pay Off My Credit Card?

Very Good (362 Ratings)

3.999994/5

Americans today owe more money than ever before. Additional monthly payments can make a difference to accelerate paying off your credit card and could save you hundreds - or even thousands - in interest payments. Use this calculator to see how long it will take you to pay off your current credit card balance.

Loan Information	Input
Current credit card balance	$
Annual percentage rate: (%)	(0-30)%
Minimum payment percentage: (%)	(0-10)%
Minimum payment amount	$
Skip December payment when offered N/Y?	NoYes
Proposed additional monthly payment	$

See All Calculators

Loan Information
Current credit card balance
Annual percentage rate: (%)
Minimum payment percentage: (%)
Minimum payment amount
Skip December payment when offered N/Y?
Proposed additional monthly payment

See All Calculators

{ "WS" : "ads1.finance.vip.re4.yahoo.com/CalcService", "fields" : { "udata" : [ "cc_balance" , "cc_rate" , "minpayment_rate" , "minpayment_amount" , "skip_payment" , "additional_payment" ], "rdata" : { "results_paragraph" : "results_paragraph" , "chart" : "chart" , "years" : { "year" : [ { "name" : "@year", "label" : "Year" } , { "name" : "@beginning_balance", "label" : "Beginning Balance" } , { "name" : "@interest", "label" : "Interest" } , { "name" : "@payment", "label" : "Annual Payment" } , { "name" : "@ending_balance", "label" : "Ending Balance" } ] } } } }

Powered By

This calculator is provided by Financial Calculators, Inc., and is intended solely for general information and educational purposes. You should not take any action on the basis of the information provided through this calculator. Please see the disclaimer for further information and limitations.

Rate This calculator

Very Good (362 Ratings)

4/5

Sign-in to rate!

Rates

See today's average rates across the country.

• Mortgage

  Loan Type	Today	Last Week
  30 Year Fixed	6.08%	6.26%
  15 Year Fixed	5.62%	5.77%
  1 Year ARM	5.94%	5.92%
  30 Year Fixed Jumbo	7.13%	7.36%
  5/1 ARM	5.78%	5.92%
  3/1 ARM	5.63%	5.73%

  Source: Bankrate
• Home Equity

  Loan Type	Today	Last Week
  $30K Home Equity Loan	7.59%	7.63%
  $50K Home Equity Loan	7.19%	7.25%
  $75K Home Equity Loan	7.20%	7.26%
  $30K HELOC	5.16%	5.17%
  $50K HELOC	4.77%	4.80%
  $75K HELOC	4.77%	4.81%

  Source: Bankrate
• Savings

  Savings Type	Today	Last Week
  6 month CD	3.15%	3.16%
  1 year CD	3.69%	3.65%
  3 year CD	3.87%	3.85%
  MMA	2.43%	2.45%
  $10K MMA	2.69%	2.72%
  $25K MMA	3.02%	3.07%

  Source: Bankrate
• Auto

  Loan Type	Today	Last Week
  36 Month New Car Loan	6.70%	6.72%
  48 Month New Car Loan	6.49%	6.51%
  60 Month New Car Loan	6.51%	6.52%
  72 Month New Car Loan	6.44%	6.44%
  36 Month Used Car Loan	7.07%	7.08%
  48 Month Used Car Loan	6.82%	6.81%

  Source: Bankrate
• Credit Cards

  Card Type	Today	Last Week
  Balance Transfer	10.31%	10.03%
  Low Interest	11.01%	10.97%
  For Bad Credit	13.02%	13.12%
  Cash Back	11.47%	11.46%
  Business	11.10%	10.91%
  Airline	12.75%	12.69%

  Source: CreditCards.com

View rates in your area

Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data and daily updates provided by Morningstar, Inc. Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.

Yahoo! Answers is provided for informational purposes only, and no Q&A is intended for trading or investing purposes. Yahoo! shall not be responsible or liable for the accuracy, usefulness or availability of any Q&A information, and shall not be responsible or liable for any trading or investment decisions based on such information. View Complete Answers Disclaimer.