Credit-Card Payoff Calculator
See how long it takes to pay off a credit card balance and how much interest you pay, based on your monthly payment.
Inputs
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%
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Your results
Time to pay off
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Enter a payment above the monthly interest
Total interest paid$0
Total amount paid$0
Estimated minimum payment$25
Paying only the minimum can take decades. Even a small increase in your monthly payment saves significant interest.
Assumptions: Uses a fixed monthly payment and a fixed APR. Real minimum payments and rates vary. Paying more than the minimum dramatically reduces time and interest.
Results are estimates for educational purposes only. They are not legal or financial advice and do not guarantee any particular outcome. Actual figures depend on your specific circumstances, interest rates, and state law.