Credit Card Payoff Calculator
See how long it takes to clear your card balance.
Result
How to use
- Enter your values in the fields above.
- Press Calculate to see your result instantly.
- Use the Share button to copy a link to your result.
About this calculator
Using your balance, interest rate (APR), and monthly payment, this calculator applies standard amortization math to work out how many months it will take to pay off a credit card and the total interest you'll pay along the way, accounting for the fact that interest compounds on the remaining balance each month.
It's used by anyone trying to decide whether to pay the minimum or throw extra money at a card, and it makes vivid just how much a seemingly small monthly payment can cost in interest over years at typical card rates of 20%+. The calculator also flags when a payment is too low to ever cover the monthly interest charge, meaning the balance would never actually shrink.
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