This calculator is designed to help you understand your credit card debt and pay it off as quickly as possible. It will also calculate the total interest you will pay under various scenarios.
This app has two kinds of calculators for you:
1. Payment Time Calculator
Calculate how many months it will take to pay off your credit card balance and the amount of interest you will pay during that time, based upon the interest rate that you enter.
2. Monthly Payment Calculator
Calculate how much you have to pay every month to eliminate your credit card balance within a certain period of time. The calculator will also show you the amount of interest you will pay during that time, based upon the interest rate that you enter.
You can use this calculator to calculate the visa, master card, or american express account balance. The Interest Rate (ARP) is the annual interest of your credit card. You can find this interest on your credit card's agreement, or its official website.
Disclaimer: This calculator is only used for your personal reference. It is not official. Not for trade. Please refer to your bank for official accurate numbers.
from 3 reviews