Credit Card Installment Calculator
Thinking of putting a purchase on your credit card and paying it off in monthly installments? See the real cost — the monthly payment, and exactly how much extra you pay on top of the price.
Purchase Details
Handling, activation or origination fee charged upfront.
What financing really costs
Monthly payment
$189
for 12 months
Sticker price:$2,000
Interest charged:+$269
Total you pay:$2,269
Extra paid vs. paying cash
$269
+13.5% of the price
You'll pay a noticeable premium to spread this out. Worth it only if you can't pay cash comfortably.
Tip: paying the same amount in fewer months, or making a larger down payment, cuts the interest fast.
Plan your monthly budget with the 50/30/20 rule →Already carrying a card balance? See how long it takes to pay off →
Estimates for education only, assuming a fixed monthly payment and monthly compounding. Your card issuer's exact terms may differ.