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| Credit Card Payment Formula: Credit Card Payment = PMT( Interest Rate, Number of Payments To Pay Off, Credit Card Balance, 0) | |||
Credit Card Payment Definition The Credit Card Payment Calculator will calculate your credit card payment if you enter in the credit card balance, desired number of months until the credit card is paid off, and the credit card interest rate. This free online credit card payment calculator is a great financial calculator that can be used as a tool for budgeting and setting goals for paying off a credit card. How to Calculate Credit Card Payment Let's be honest - sometimes the best credit card payment calculator is the one that is easy to use and doesn't require us to even know what the credit card payment formula is in the first place! But if you want to know the exact formula for calculating credit card payment then please check out the "Formula" box above. |