Credit Card Payoff Calculator
Find how long to clear a credit card balance at a fixed payment, and the total interest you'll pay.
How to use it
- Enter your balance The amount currently owed.
- Add the APR Your card's annual interest rate.
- Set a payment A fixed amount you'll pay each month.
Examples
| 5000 at 20%, 200/mo | ~2.5 years |
|---|---|
| minimum only | very costly |
About this tool
Credit card interest compounds quietly, and paying only a little each month can stretch a balance out for years. This calculator shows exactly how long it will take to clear your balance at a fixed monthly payment, and the total interest you’ll pay along the way.
Try raising the payment to see how dramatically the timeline and interest shrink — even a small increase often saves months and a lot of money. The calculation runs entirely in your browser.
Frequently asked questions
Why might it say I'll never pay it off?
If your monthly payment is less than the interest charged that month, the balance grows instead of shrinking. Paying more than the interest is essential.
How is interest applied?
Interest is charged monthly on the remaining balance, then your payment is subtracted, repeating until the balance reaches zero.
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Updated June 15, 2026