See how extra payments can save you thousands in interest
Typically 2-3% of balance
Amount above minimum
This calculator shows you the dramatic difference between paying only the minimum payment versus making extra payments on your credit card debt.
Minimum Payment: Most credit cards require 2-3% of your balance as a minimum payment. While this keeps you in good standing, it can take decades to pay off the debt and cost thousands in interest.
Extra Payments: Adding even $50-100 extra per month can cut years off your payoff time and save significant interest.
💰 The average American household with credit card debt owes over $6,000 and pays $1,000+ per year in interest!