Credit Card Payoff Calculator
See how long it takes to clear a credit card balance and the interest it costs.
Results update as you type.
About this calculator
This calculator shows how many months it takes to pay off a credit card balance at a fixed monthly payment, and how much interest you pay along the way. A higher monthly payment clears the balance far faster and costs much less interest.
Frequently asked questions
Why does my card take so long to pay off?
When your monthly payment is close to the monthly interest charge, almost none of it reduces the balance. Paying more than the minimum dramatically shortens the payoff time and cuts interest.
What if my payment is too low?
If the monthly payment does not cover the first month interest, the balance never goes down. This calculator shows no payoff when that happens.
Results are estimates for general guidance only, not financial, medical or tax advice.