Credit Card Payoff Calculator
See how long it will take to pay off your credit card and how much interest you'll pay. Compare strategies to become debt-free faster.
Your Details
Get Debt-Free Faster
Enter your credit card details to see how long it will take to pay off and how much you'll pay in interest.
Monthly Payment
$0
Payoff Time
0 mo
Total Interest
$0
Payoff Date
--
Minimum Payments Warning
Balance Over Time
Payment Breakdown
Compare Payment Strategies
| Strategy | Payment | Months | Total Interest |
|---|
Payment Schedule
| Date | Payment | Principal | Interest | Balance |
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Complete User Guide
What is the Credit Card Payoff Calculator?
This calculator shows how long it will take to pay off your credit card and how much interest you'll pay. You can choose: pay a fixed amount monthly, pay off in a specific number of months, or see the impact of minimum payments only. Results include a balance-over-time chart, principal vs interest breakdown, strategy comparison, and payment schedule.
Key Metrics
Payoff time
Months until balance is zero. Higher payments reduce this.
Total interest
Total cost of borrowing. Paying more than the minimum reduces it.
Strategy comparison
Compare minimum payment, fixed payment, double minimum, and 12- or 24-month payoff.
How to Use This Calculator
- Enter current balance and APR from your statement.
- Choose: fixed monthly amount, target payoff months, or minimum payment impact.
- Enter the amount or months as needed, then click Calculate.
- Review payoff time, total interest, charts, strategy comparison, and schedule.
Understanding the Charts
Balance over time shows how your balance decreases each month. Payment breakdown (doughnut) shows principal (what you borrowed) vs interest (cost of borrowing).
Important Notes
- Results are estimates. Minimum payments and APRs can change. Always pay at least the minimum on time.
- Minimum payments are designed to maximize interest for the card issuer; paying more saves you money.
- APR is the annual rate; we divide by 12 for monthly interest. Find it on your statement or online account.