A credit card payoff calculator estimates how long it will take to pay off your card balance and how much interest you will pay. Enter your balance, APR, monthly payment, and extra payment to compare your payoff timeline.
Payoff time
2 years, 8 mo
Interest saved
$1,022.86
Monthly budget
$225
Estimated payoff
2 years, 8 mo
Total interest
$1,965.99
Total paid
$7,165.99
Final payment
$190.99
Months saved
15
Interest avoided
$1,022.86
Step 1
Use the latest statement balance or current payoff amount for the card you want to model.
Step 2
Enter the card APR, required monthly payment, and any extra amount you can reliably add each month.
Step 3
Review months to payoff, total interest, final payment, and the interest saved from the extra payment.
A credit card payoff calculator estimates how many months it will take to pay off a card balance based on APR, monthly payment, and any extra payment. It also shows total interest and potential savings from paying more.
Extra payments reduce the principal balance faster. Because credit card interest is charged on the remaining balance, lowering that balance sooner usually cuts both payoff time and total interest.
If your payment does not cover monthly interest, the balance can grow instead of shrink. Increase the payment, lower the APR, or combine both before relying on the payoff timeline.
High-interest credit cards often cost more than personal loans, so paying them down first can make sense. Compare APRs, fees, minimum payments, and whether consolidation would lower the total cost.