Find out how long it will take to pay off your credit card and how much interest you will pay along the way. Enter your current balance, your card’s APR and the amount you can pay each month.
Credit Card Payoff Calculator
Find out how long it will take to pay off your card and how much interest you will pay.
Example numbers only — enter your own rates and amounts. Results are estimates for education, not an offer or financial advice.
Why minimum payments keep you in debt
Credit card interest is charged on your remaining balance every month. If you only pay a little more than the interest, most of each payment goes to the card issuer instead of reducing what you owe. Raising your monthly payment, even modestly, can cut years off your payoff time.
Faster ways to pay off card debt
- Balance transfer card: move the balance to a card with a 0% intro APR and pay it down before the promo ends.
- Debt consolidation loan: replace high-rate card debt with one fixed-rate personal loan.
- Avalanche or snowball method: focus extra payments on one card at a time.
Related guides: Balance Transfer Cards, How to Pay Off Debt, Improve Your Credit Score.