Credit Card Payoff Calculator

See how long it will take to pay off a credit card balance at a given interest rate and monthly payment, and how much interest you'll pay along the way.

Current Balance ($)

Interest Rate (% APR)

Monthly Payment ($)

2y 10m

Time to Pay Off

34 payments

$1,749.88

Total Interest Paid

$6,749.88

Total Paid

Payoff timelines by balance

Pre-computed payoff tables for common balances, showing how monthly payment and APR change the timeline and the interest bill.

How was this tool?

Your feedback helps us improve Credit Card Payoff Calculator.

Why use Credit Card Payoff Calculator?

This calculator determines how many months it will take to pay off a credit card balance at a given interest rate and fixed monthly payment, accounting for interest compounding monthly on the remaining balance. Enter your balance, APR, and monthly payment and it shows the payoff timeline in years and months, the total interest paid, and the total amount paid. It also flags when a payment is too low to ever pay off the balance, a common trap with minimum payments on high-interest cards, since a payment that does not exceed the monthly interest charge will never reduce the principal. Below the calculator, the page links to six prefilled payoff pages for common balances ($2,000, $3,000, $5,000, $7,500, $10,000, and $15,000), each showing the same calculator preloaded with that balance so you can check typical numbers without typing anything in. The calculator itself defaults to a $5,000 balance, 22% APR, and a $200 monthly payment, all editable.

Key benefits

Shows exactly how many months to debt-free
Calculates total interest paid, not just the timeline
Warns if your payment is too low to ever pay off the balance
Prebuilt payoff pages for six common starting balances
Balance, APR, and payment fields all update the timeline instantly

Features

Compound-interest payoff timeline calculation
Total interest and total paid summary
Minimum-payment-too-low detection
Six prefilled balance subpages from $2,000 to $15,000
Defaults to a $5,000 balance, 22% APR, and $200 payment, all editable

Popular use cases

Planning how to pay off credit card debt faster
Seeing the true cost of making only minimum payments
Comparing payoff time at different payment amounts
Checking payoff numbers for a specific balance without typing anything in

How to use Credit Card Payoff Calculator

1
Enter your balance and rate
Enter your current balance and the card's APR.
2
Enter your monthly payment
Enter how much you plan to pay each month.
3
Read the payoff timeline
See how many months it will take and the total interest you'll pay.
4
Browse a preset balance page
Or open one of the linked payoff pages for common balances ($2,000 to $15,000) to see the numbers prefilled.

Frequently asked questions

Why does it say my payment is too low?

If your monthly payment is less than or equal to the monthly interest charge, the balance will never shrink. You need to increase your payment above that threshold.

Does this account for new purchases?

No, this assumes no new charges are added to the balance. It calculates payoff time for the current balance only.

How much can I save by paying more each month?

Try increasing the monthly payment amount and comparing the total interest figure, even modest increases usually cut both the payoff time and total interest significantly.

What balances have prefilled payoff pages?

There are dedicated pages for $2,000, $3,000, $5,000, $7,500, $10,000, and $15,000 balances, each preloading the calculator with that starting balance.

What are the default values on this calculator?

It starts with a $5,000 balance, a 22% APR, and a $200 monthly payment. All three fields are editable.

Last reviewed: July 2026

Payoff timelines by balance

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