Calculate your credit card interest, payoff time, monthly payment, total repayment cost and amortization schedule instantly.
A credit card payoff calculator helps estimate how long it may take to pay off a balance based on your APR, monthly payment and new monthly charges.
Use this tool to compare fixed payments, minimum payments and a target payoff timeline.
Pay the highest APR card first to reduce total interest.
A 0% intro APR can help if you pay before the intro period ends.
Call your issuer and ask for a lower rate.
Payoff becomes harder if new charges continue every month.
| Month | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| Calculate first to see the full monthly breakdown. | ||||
Credit card interest is based on your APR and outstanding balance. This calculator estimates payoff using monthly compounding for a clear repayment schedule.
Minimum payments can keep you in debt for years because a large part of each payment may go toward interest instead of principal.
Increase your monthly payment, stop adding new charges, negotiate your APR or consider a balance transfer if the fees make sense.
APR means annual percentage rate. It represents the yearly borrowing cost of carrying a balance on your credit card.