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Credit Card Payoff Calculator

See how long to clear your card — or the payment needed to finish in a set time — and how much interest you'll pay.

Decision calculatorFully localized assumptionsGlobal-readyScenario comparisonInteractive chart

Last updated: 2026-06-03

This calculator uses generic assumptions. Use advanced mode to override them for a more accurate result.

Inputs

Input mode

Formula transparency

Source: default
interestₘ = balance × APR/12 · balanceₘ = balance + interest + spend − payment

How to use it

  1. Enter your balance, APR, and monthly payment.
  2. Add an extra payment to see how much faster you clear it.
  3. Add new spending if you'll keep using the card.

Example

  • 3,000 at 24% APR paying 300/month clears in about 11 months.

What the result means

Months-to-payoff is how long until the balance reaches zero; if your payment can't cover the interest, it never clears.

Common mistakes

  • Paying only the minimum.
  • Continuing to spend on the card while paying it off.
  • Entering a monthly rate instead of the annual APR.

Limitations

  • Assumes a constant rate and payment.
  • Estimate only — not banking advice.

Frequently asked

Can it calculate the payment for a target time?
Yes — pick "Required payment" mode and enter the number of months; we compute the monthly payment.
Do I enter an annual or monthly rate?
Whichever you know — choose the rate type (annual APR or monthly) and we convert automatically.
What if my payment doesn't cover interest?
We warn you clearly; the balance then never clears and you must raise the payment.
How does paying extra help?
In time mode we compare base vs extra and show the months and interest saved.
Is this financial advice?
No — it's an educational estimate to help you plan.

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Results are estimates and not professional advice. Verify important decisions with a qualified professional.