Credit card payoff calculator
Enter your balance, APR, and what you can pay each month. See exactly how long payoff takes, what interest costs you, and how much faster an extra $50 gets you there.
Your payoff plan
Time to pay off—
Total interest—
Total paid—
Paying $50 more/month saves—
Assumes no new charges, a fixed APR, and monthly compounding on the average balance.
Why minimum payments barely move the needle
Minimum payments are usually set around 1–3% of your balance — often only slightly more than the monthly interest charge. That's why a balance can take decades to clear at the minimum. See the full breakdown.
Faster payoff options to research
Balance transfer cards (0% intro APR, usually with a 3–5% transfer fee), debt consolidation loans, or simply attacking your highest-APR card first can all cut interest costs. Each has trade-offs and credit requirements — compare carefully before applying.
Estimates only. This calculator uses simplified math and the numbers you enter.
Real-world loans and accounts can include fees, compounding differences, rate changes, taxes,
and lender-specific rules that this tool doesn't capture. Results are for education — not
financial advice and not a quote or offer. Verify any decision with your own statements,
your lender or bank, or a qualified professional.