Debt & Loans
Credit Card Payoff Calculator
Credit card interest compounds fast. See how long your balance takes to clear at a given monthly payment, and how much sooner a bit more would finish it.
Your numbers
$
22%
$
Statement
Debt-free in
2 yrs 8 mos
$1,979 interest paid
- Months to clear
- 32
- Total interest
- $1,979
- Total paid
- $7,979
- Pay $100 more → time
- 1 yr 9 mos
- Pay $100 more → interest
- $1,269
Paying $250 a month clears the card in 2 yrs 8 mos. Adding $100 saves $710 and finishes 11 mos sooner.
Estimates only — not financial advice. They produce estimates based on the figures you enter and do not account for every fee, tax or change in rate.
- The result is a deterministic estimate from the inputs shown on this page.
- Fees, taxes and real-world terms not represented by an input are excluded.
- Confirm material decisions against original documents or a qualified professional.
The email includes this route only; calculator inputs are not attached.
The minimum-payment trap
Card issuers set minimums low — often 1–2% of the balance plus interest. That keeps you paying for years and maximizes their interest. The fastest, cheapest route is a fixed monthly amount well above the minimum, held steady until the balance is gone.
Frequently asked questions
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