Finance Tools / Credit Card Payoff Calculator
Credit Card Payoff Calculator
See how long it will take to pay off a balance, and the interest you'll pay.
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Credit Card Payoff Calculator
See how long it will take to pay off a balance, and the interest you'll pay.
Features
- Shows total time to pay off
- Shows total interest paid
- Warns if payment is too low to ever pay off
- 100% free, no signup
How to Use
Step 1
Enter your current balance and APR.
Step 2
Enter your planned monthly payment.
Step 3
Click Calculate Payoff Time to see your results.
About This Tool
Credit Card Payoff Calculator shows how many months it will take to pay off a balance at a given APR and fixed monthly payment, along with the total interest you'll pay over that time.
Frequently Asked Questions
What happens if my payment is too low?
The tool warns you if your payment does not even cover the monthly interest, meaning the balance would never be paid off at that rate.
Does this account for new purchases?
No, this assumes no new charges are added to the balance during the payoff period.