See how long a credit card balance takes to clear. Enter the balance, the APR and the amount you pay each month to get the payoff time and total interest, and see how much more the minimum payment really costs. These results are estimates for general information only and are not financial, investment or tax advice. Actual figures depend on the terms of your lender or provider and your local tax rules.
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How to Use the Credit Card Payoff Calculator
Enter your card balance, the APR and the amount you can pay each month, then press Calculate. The minimum payment percentage is used for the comparison.
What the numbers mean
Months to pay off is how long your fixed payment takes to clear the balance.
Total interest is what the card costs you over that time.
Minimum payments shows the same balance paid at the minimum percentage.
Extra interest is how much more you pay by only ever paying the minimum.
The minimum-payment trap
A minimum payment based on a small percentage of the balance can be less than the monthly interest, so the balance never falls. Paying more each month clears the card far sooner and costs far less.
Features
Payoff months, total interest and total paid for a fixed payment
Compares paying the minimum against paying a set amount
Flags when a payment does not cover the interest
Choose your currency and copy the result
All processing runs locally in your browser. Your data is not uploaded to any server.
These results are estimates for general information only and are not financial, investment or tax advice. Actual figures depend on the terms of your lender or provider and your local tax rules.