Credit Card Payoff Calculator
Months to clear a card balance and the interest it costs.
Enter your values
Results update instantly as you type — no submit needed.
Results
- Time to pay off
- 2 yr 6 mo
- Total interest
- $2,500.00
- Total paid
- $9,000.00
- First month's interest
- $135.36
Quick answer
At a fixed monthly payment, a card balance clears in months = −log(1 − rB/P) / log(1+r), where r is the monthly rate.
How to use the Credit Card Payoff Calculator
- 1Enter the balance and the card's APR.
- 2Enter what you can pay each month.
- 3Read the payoff time and interest cost.
Frequently asked questions
Why are minimum payments so damaging?
Minimums are set near the interest charge, so the balance barely moves and a card can take decades to clear.
Avalanche or snowball?
Avalanche (highest rate first) costs least; snowball (smallest balance first) is easier to stick with. Both beat paying minimums.