I’ve made a few adjustments to the credit card calculator on this site. In the next day or two it will help you figure out how long it will take to pay off two credit cards if you try to pay off the highest interest rate card first.
But for now, you can see how long it will take to pay off a credit card paying just the minimum payment, as well as how long it will take if you pay off more than the minimum payment.
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What a cool tool! Have you thought of making it reactive and comparitive? That is… being able to change the payment and interest boxes to compare three payment scenarios?
Say, how long would it take if I kept making a steady payment of the payment I am making now? Or adding 10% to it? What if I can get the interest rate reduced after I am below 50% available to balance? (Which seems to be a trigger point where the company “can” reduce your rate btw.)