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15% APR Credit Card Calculator
Low-interest credit card payoff calculator.
Card Details
$
%
$
Paying $200/mo
Debt-Free In
31months(2.6 years)
Total PrincipalTotal Interest
$5,000.00+$1,032.66
Total Cost of Debt
$6,032.66
You will pay $1,032.66 in interest fees.
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Analysis: 15% APR
15% is considered a 'good' rate for a credit card today. Even so, it is much higher than a personal loan or car loan.
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Frequently Asked Questions
How long to pay off $5,000?
With a monthly payment of $200, it will take approximately 31 months to pay off $5,000 at 15% APR.
How much interest will I pay on $5,000?
At 15% APR, you are paying roughly $62 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.