Credit Card Payoff Calculator

Estimate how long payoff may take if you stop adding new charges and make the same payment each month.

How this payoff calculator works

Each month, estimated interest is added to the remaining balance and your fixed payment is subtracted. The calculator repeats that process until the estimated balance reaches zero.

Why payment size matters

A larger monthly payment reduces principal faster, which can shorten payoff time and reduce total interest. If your payment does not cover the estimated first month's interest, the calculator flags it as too low.

Assumptions

This estimate assumes no new purchases, no fees, a constant APR and the same payment every month. Credit card issuers may calculate interest differently, so your actual payoff date can vary.

How to use the calculator for planning

Run the same balance and APR with several payment amounts. The difference in payoff time can show the impact of directing additional cash toward the balance.

Keep planning

Compare this payoff plan with the Loan Payment Calculator, test longer-term growth with Compound Interest, or build a target with the Savings Goal Calculator.

Add a free payoff calculator to your website

Personal-finance, debt-education and budgeting publishers can add this calculator beside useful payoff content. The free embed includes QuickTools attribution so readers can verify the source and discover the full calculator.

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