# Pay Off Your Credit Card in Three Years – Your Statement Shows the Payment

- Source: Money Crashers
- Published: 2026-10-18T14:00:00+00:00
- Category: Markets
- Original: https://www.moneycrashers.com/credit-card-three-year-payoff/
- Canonical: https://groundlevelnews.com/story/pay-off-your-credit-card-in-three-years-your-statement-shows-the-payme-b30c21/

On a $5,000 balance at a 22% interest rate, the box would show that paying only the minimum takes about 19 years and costs about $13,100 in total, $8,100 of it interest. We assumed a minimum of 1% of the... Source

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