Debt & payoff

Credit Card Payoff Calculator

Enter the balance, APR, and what you plan to pay each month. See how long payoff could take, how much interest could accrue, and what an extra monthly amount changes.

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Your payoff estimate

The sample values are calculated automatically. Change the assumptions to see your own estimate.

These calculators provide mathematical planning estimates, not financial, tax, legal, or investment advice. Actual rates, returns, fees, taxes, market values, and lender practices can change the result.

Understand the result

Credit-card APR makes payment size matter

Revolving balances can stay expensive for a long time when the monthly payment is only slightly above monthly interest. The calculator stops and warns you if the entered payment would not reduce the balance.

The monthly schedule shows how much of each payment goes to interest versus principal so you can see the balance accelerate as interest charges shrink.

The calculation assumes

No new purchases or cash advances
No late fees, annual fees, or penalty APR
A constant APR
The same planned payment every month

Frequently asked questions

Why does the calculator reject a payment that is too low?

If the payment does not cover the first month of modeled interest, the balance would not decline.

Does this use the issuer minimum-payment formula?

No. It uses the monthly payment you enter, which makes it useful for planning a fixed payoff amount.

Can I include an extra payment every month?

Yes. The extra amount is added to the planned monthly payment.