Credit Card Payoff Calculator
See exactly when you will be debt-free. Enter your card balance, APR and monthly payment to find your payoff date, total interest and a month-by-month chart.
Your result will appear here
Your payoff plan
Assumes a fixed APR and the same payment every month, with no new spending. Paying only the minimum can take decades — even a small extra payment cuts months and interest.
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How to use
- Enter your current card balance, APR and the amount you pay each month.
- Click Calculate payoff.
- See how many months it takes, your debt-free date, and how much interest you will pay.
Frequently asked questions
How long will it take to pay off my credit card?
It depends on the balance, APR and payment. A $5,000 balance at 22% APR with $250 a month takes about 25 months and about $1,180 in interest. Smaller payments stretch the time sharply.
Why does the minimum payment take so long?
Minimum payments are usually only 1–3% of the balance, so most of the payment goes to interest and the balance barely falls. Paying a fixed amount above the minimum is far faster.
Does this calculator include new spending?
No — it assumes you stop using the card and pay the same amount every month at a fixed APR. New charges will extend the payoff time.
Is the debt-free date exact?
It is an estimate. Real cards compound interest daily and APRs can change, so treat the date as a close guide, not a promise.