Estimate payoff time, total interest, and total paid based on your balance, APR, and monthly payment.
All fields start blank. APR is annual percentage rate. Payment is the amount you plan to pay every month.
A credit card payoff estimate uses your current balance, APR, and monthly payment to calculate how interest accrues over time. When payments are low compared to the interest charge, payoff time increases quickly.
This tool helps you see the tradeoff between your monthly payment size and the total interest you may pay. Even a small extra payment can reduce payoff time and total interest.
If your monthly payment is not reducing the balance, try increasing the payment amount, lowering your APR (balance transfer or negotiation), or paying more than once per month. Avoid adding new charges while paying down the balance.
Use this calculator as a planning tool to set a realistic payment goal and understand the long-term cost of interest.
Before making a major life decision, try our free calculators designed to help you compare real financial tradeoffs.