Credit Card Payoff Calculator
See how fast you can clear a card balance — pick a fixed monthly payment or a target payoff timeline, then read interest cost and total paid. Click any i for detail.
Card & payoff plan
Balance ($)
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Balance
Current revolving balance you want to pay down (one card or a combined payoff target). |
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APR (%)
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APR
Purchase APR used for monthly interest. Promotional 0% APR can be entered as 0 for the promo window only. |
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Plan mode
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Plan mode
Fixed payment: how long until payoff. Target months: what payment hits that date. |
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Monthly payment ($)
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Monthly payment
Amount you will send every month (above the issuer minimum). |
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Target payoff (months)
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Target months
How many months until you want the balance at zero. |
How to use this calculator
- Enter balance and APR.
- Choose fixed payment or target payoff months.
- Adjust the payment or timeline.
- Read payoff time, interest, and total paid.
Results explained
The headline is either your monthly payment or the payment required to hit a target date. Interest assumes a constant APR and no new purchases.
Quick reference: payoff math
Same amortization idea as a loan, with revolving APR.
| Item | Detail |
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| Monthly interest | Balance × APR ÷ 12 |
| Fixed payoff | Simulate until balance clears |
| Target payment | Standard amortizing PMT for N months |
Paying only the issuer minimum? See the minimum payment calculator.
How the estimate is built
Each month: interest accrues, then your payment reduces principal. Fixed mode runs until paid off (or flags if payment ≤ interest). Target mode solves the classic payment formula for N months.
Example scenario
$8,500 at 21.99% APR with $350/month typically clears in a few years with substantial interest — raising the payment shortens both time and interest cost.
FAQ
Does this include new charges?
No — model a payoff plan as if the card is frozen for new purchases.
What about minimum payments?
Minimums often barely cover interest. Use fixed mode with a real budget number, or check the minimum-payment tool.
0% promo APR?
Set APR to 0 for the promo months only; when the promo ends, re-run with the go-to rate.