Credit Card Payoff Calculator
Free credit card payoff calculator. Get instant results — no signup, no account. Plan and compare with confidence.
Use the Credit Card Payoff Calculator below.
See how long it takes to pay off credit card debt and how much interest you pay. Enter balance, APR, and monthly payment. Free credit card payoff calculator for USA and worldwide.
How to use Credit Card Payoff Calculator
Enter balance and APR
Input current balance and annual interest rate (APR).
Enter monthly payment
Input how much you pay each month.
View payoff and interest
See months to payoff and total interest paid.
Features
- Instant results — no waiting or signup.
- Free to use — no hidden fees.
- No login or account required.
- Works on all devices — desktop, tablet, and mobile.
- Your data stays private — we do not store your inputs.
Why use this calculator
- Plan your finances with accurate estimates.
- Compare scenarios in seconds.
- Make informed decisions before you borrow or invest.
Supported browsers and devices
- All modern browsers (Chrome, Firefox, Safari, Edge).
- Mobile-friendly — use on phone or tablet.
- No app download — runs in your browser.
Frequently asked questions
Complete guide to Credit Card Payoff Calculator
How credit card payoff works
Credit card interest is typically calculated daily or monthly on your outstanding balance. When you make a payment, part of it goes to interest and the rest to principal. The higher your APR (annual percentage rate) and the lower your monthly payment, the longer it takes to pay off the balance and the more interest you pay.
This credit card payoff calculator uses your balance, APR, and fixed monthly payment to compute how many months until the balance is zero and how much total interest you will pay. Making more than the minimum payment is one of the best ways to get out of credit card debt faster.
Why pay more than the minimum?
Credit card minimum payments are often set so low that paying only the minimum can stretch payoff over many years and cost far more in interest. For example, on a $5,000 balance at 18% APR, paying only the minimum could mean 20+ years of payments and thousands in extra interest. Doubling or tripling your payment can cut that to a few years and save most of the interest.
Tips to pay off credit card debt
- Pay as much as you can afford above the minimum every month.
- Consider a balance transfer to a 0% APR card if you can pay off the balance within the promo period.
- Focus on the highest-APR card first (avalanche) while paying minimums on others.
- Avoid new charges while paying down debt so the balance does not grow.
- Use our debt payoff and minimum payment calculators to compare scenarios.
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Disclaimer
Our financial calculators are for informational and educational purposes only. Results are estimates based on the inputs you provide and standard formulas. They are not financial, tax, or legal advice. We do not store or share the numbers you enter.