Credit Card Payoff Calculator
How long to pay off credit card debt? Balance, APR, and monthly payment.
Use the Credit Card Payoff Calculator
Enter balance, APR, and monthly payment. Months to payoff and total interest are calculated.
Inputs
Balance, APR, and monthly payment.
Results
Months to payoff
32
Years to payoff
2.7
Total interest
$1,314
Total paid
$6,314
Payment must exceed monthly interest to pay down balance. Increase payment to pay off faster.
How this calculator works
Enter balance, APR, and monthly payment. Months to payoff and total interest are calculated.
How to interpret your results
Increase monthly payment to shorten payoff and reduce total interest.
FAQs
How is payoff time calculated?▾
Simulates each month: interest accrues, payment is applied. Stops when balance reaches zero.
What if payment is too low?▾
If payment does not exceed interest, balance never decreases. Increase payment to pay off.
Should I pay more than minimum?▾
Yes. Minimum payments extend payoff and increase total interest.
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