Credit Card Payoff Calculator
How long until your card is paid off.
Time to pay off
2y 10m
34 months
Total paid
$6,750
Total interest
$1,750
Assumes you make exactly the same payment every month and do not add new charges. Real cards use daily compounding so actual numbers can be slightly higher.
About
Type your balance, the APR, and how much you can pay each month. Get the months to payoff and the total interest you'll pay. Try different monthly amounts to see how much faster you can be done.
How to use
- Enter your balance.
- Enter the APR.
- Enter your monthly payment.
- Read the months to payoff and total interest.
FAQ
Why does paying just $50 more matter?+
On a $5,000 balance at 22% APR, going from $200 to $250 a month cuts payoff time from 35 months to 25 and saves around $700 in interest.
What's a 'minimum payment trap'?+
Most cards set the minimum at 1-2% of the balance plus interest. At that pace, a $5,000 balance can take 20+ years to pay off. Always pay more than the minimum.