Credit card payoff calculator
Credit Card Payoff Calculator
Estimate how long it may take to pay off credit card debt using your balance, APR and monthly payment.
How this credit card payoff calculator works
This calculator estimates credit card payoff time using the current balance, annual percentage rate and monthly payment. It also estimates how much interest may be paid before the balance reaches zero.
Why APR matters
Credit card APR can make balances expensive to carry. A higher APR means more interest may be added each month, especially when balances are paid slowly.
Why monthly payments matter
Paying more than the minimum payment can reduce payoff time and lower total interest. Small increases in monthly payments may make a big difference over time.
Credit card payoff strategies
Some people use the debt snowball method by paying off smaller balances first. Others use the debt avalanche method by targeting higher interest balances first.
Important note
This calculator provides simplified educational estimates only. It is not financial, legal, credit or debt advice.