How to Calculate Credit Card Interest
- Payoff within a certain amount of time
- Payoff with a fixed monthly payment
By making monthly payments of $15,000, it will take you 3 months to pay off your credit card balance of $40,000. Your total interest cost will be $474. This assumes you do not make any additional charges during this period.
|Monthly Payments||Total Savings||Months to Payoff|
Charge your upcoming purchases to one of the following recommended credit cards and save money on interest.
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Cities with the Least Sustainable Credit Card Debt
*99th Percentile = Least Sustainable Credit-Card Debt