Credit Card Payoff Calculator
See exactly how many months it takes to pay off your credit card and how much interest you'll pay. Enter balance, interest rate, and monthly payment to get a full paydown chart.
How to use this tool
- Enter current balance, annual interest rate (apr) and monthly payment in the fields above.
- Results update instantly as you type — or click Calculate.
- Read your months to pay off and the full breakdown beneath it.
Credit cards charge compound interest daily, so carrying a balance is expensive. Making only the minimum payment can trap you in debt for years. This calculator shows the impact of paying more than the minimum.
Frequently asked questions
- What if my payment barely covers the interest?
- If your payment is less than or equal to the monthly interest charge, the balance never falls. The calculator automatically raises your payment by $1 above interest to show meaningful progress.
- How can I pay off faster?
- Try increasing your payment by even $20–50/month — the chart will show how dramatically that shortens the timeline and cuts total interest.