Board of Governors of the Federal Reserve System

Credit Card Repayment Calculator Help - Website Disclaimer

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.

A second calculation can help you develop a plan for paying off your balance sooner.

Please use your most recent credit card bill. You may get a more accurate estimate from your credit card issuer’s website.

How long will it take me to pay off my credit card balance if I make only the minimum payment?

$   Help - My total balance
Help - My highest APR
Last Update: April 20, 2011