Credit Card Payoff Calculator
Find out how long to pay off credit card debt and total interest.
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Enter your balance, APR, and at least one payment amount to calculate your credit card payoff timeline
Find out exactly how long it will take to pay off your credit card balance and how much interest you will pay in total. Compare a minimum-payment scenario against a fixed higher payment to see the interest and time savings.
Key Features
Two payment scenarios
Enter a minimum payment and a higher fixed payment side by side. The tool calculates payoff months and total interest for both, giving a direct comparison.
Savings callout
A highlighted card shows how much interest you save and how many months sooner you become debt-free by switching from the minimum to the fixed payment.
Monthly interest display
Shows the exact interest charged on your current balance this month, helping you understand how much of each minimum payment goes to interest versus principal.
Accurate amortisation loop
Calculates month by month applying interest before reducing principal, matching how credit card issuers compute balances.
How to Use
- 1Enter your current credit card balance.
- 2Enter your card's Annual Percentage Rate (APR) — found on your statement.
- 3Enter the minimum monthly payment your issuer requires.
- 4Optionally enter a larger fixed monthly payment you are considering.
- 5Compare the payoff timeline and total interest cost between the two scenarios.