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$10,000 Credit Card Payoff Calculator
Calculate payoff time for $10k in debt. Avoid the minimum payment trap.
Card Details
$
%
$
Paying $300/mo
Debt-Free In
50months(4.2 years)
Total PrincipalTotal Interest
$10,000.00+$4,718.19
Total Cost of Debt
$14,718.19
You will pay $4,718.19 in interest fees.
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Analysis: $10,000 Balance
A $10,000 balance generates ~$166 in interest every month. Your payment MUST exceed $200 or the balance will grow.
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Frequently Asked Questions
How long to pay off $10,000?
With a monthly payment of $300, it will take approximately 50 months to pay off $10,000 at 20% APR.
How much interest will I pay on $10,000?
At 20% APR, you are paying roughly $166 in interest alone every single month. To make progress, your payment must exceed this amount.
Is it better to pay minimum or extra?
Always pay extra. Paying only the minimum (~2%) typically extends your debt timeline to 15-20 years. Doubling the minimum often cuts that to 3-5 years.