How long will it take me to pay of my credit card balance if I make only the minimum monthly payment? Use this handy tool - the Federal Trade Commission's Credit Card Repayment Calculator. 

How long will it take me to pay of my credit card balance if I make only the minimum monthly payment?

Welcome to the Federal Trade Commission's Credit Card Repayment Calculator. Based on the information you provide, the calculator will give you an estimate of how long it will take you to pay off your credit card balance.

The calculator assumes:
•you make no more charges; and
•you make only the minimum payment each month.

A second calculation can help you develop a plan for paying off your balance sooner.