Credit Card Payoff Calculator

If, like many consumers, you’d like to get out of credit card debt, Middlefield Bank has a solution. If you’re tired of escalating interest rates that cause your balances to snowball, consider increasing your monthly payments. We have developed a credit card payoff calculator you can use to figure out how much extra you can afford to pay each month. It’s easy to use. Enter the amount of your credit card debt, your current monthly payment, and the interest rate. The calculator will crunch the numbers and tell you how long it will take to pay off your balance and how much you’ll pay in interest. Next, you can play with increasing your monthly payments until you arrive at an amount you can live with. The calculator will again show you how quickly you can pay off your balance, and you’ll see how much you’ll save in interest.

Middlefield Bank offers personal loans to consolidate your credit card debt and make a single monthly payment. We also offer several credit card options. Compare our terms with your existing credit cards and see where you can save. To learn more, meet with one of our personal bankers at your local Middlefield branch.