Credit Card Payoff Calculator
A fixed monthly payment clears your card balance faster than paying the minimum. Enter the balance, APR and payment amount to see the months to debt-free, total interest and total paid. Raise the payment and watch the interest shrink.
Months to Pay Off
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Payoff Time
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Total Interest Paid
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Total Amount Paid
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How to use
- Enter the card balance and APR.
- Enter the fixed amount you can pay every month.
- See the months, total interest, and total paid.
- Try a higher payment and see how much interest you save.
Tips
- Paying even a small fixed amount above the minimum shortens the payoff by months.
- Put any extra payment toward the highest-APR card first when you carry more than one balance.
- Re-run the numbers after each payment to see the finish line move closer.
- The plan assumes no new purchases; new spending restarts the interest clock.
Note
This calculation assumes no new spending. Stop new purchases on the card or the balance will grow again. The minimum payment is only about 5%, which keeps the debt going for years.