Credit Card Payoff Calculator
Calculate how long it will take to pay off your credit card debt and how much interest you'll pay.
Amount you can pay each month
About Credit Card Payoff
This calculator helps you understand how long it will take to pay off your credit card debt and how much interest you'll pay over time. The calculation assumes you make the same monthly payment each month.
How to Use This Calculator
- Enter your current credit card balance
- Enter your annual interest rate (APR)
- Enter the amount you can pay each month
- Click "Calculate Payoff" to see your results
Tips for Paying Off Credit Card Debt
- Pay more than the minimum payment when possible
- Consider transferring to a lower interest rate card
- Focus on paying off the highest interest rate cards first
- Set up automatic payments to avoid late fees
- Create a budget to find extra money for debt payments
Understanding the Results
- Time to Payoff: How many months it will take to pay off your debt
- Total Interest: The total amount of interest you'll pay
- Total Payments: The total amount you'll pay including principal and interest
- Payment Schedule: A breakdown of your first 12 months of payments