Credit Card Payoff Calculator
Estimate how long it may take to pay off a credit card and how much interest you could pay at a fixed monthly payment.
How this credit card payoff calculator works
The calculator applies a monthly interest estimate and a fixed payment until the balance reaches zero. It does not include new purchases, late fees, annual fees or changing APRs.
Frequently asked questions
What is APR?
APR is the annual percentage rate used to express the yearly cost of borrowing, before the specific effects of payment timing and fees.
Why does extra payment matter?
Extra payments reduce the balance faster, which can reduce the amount of future interest charged.
What if my payment is too low?
If the payment does not cover the estimated monthly interest, the balance may not be paid off under the assumptions used.
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