This calculator will help you:

• Understand why you want to pay more than the minimum balance on a credit card
• Show how paying different amounts will affect how long it takes you to pay off your bill

Yikes! I charged: $ Enter the balance on your credit card in the box above, then press TAB on the keyboard or click HERE for your minimum payment. Maybe my payment should be: $ Enter a larger-than-minimum payment in the box above, then click HERE to see how much less your total cost would be. (You can try another payment amount by entering it in the box above and pressing TAB on the keyboard.)