Debt · Credit cards
Credit Card Payoff Calculator
See your estimated payoff time, interest cost, and how much faster you could get out of debt by increasing the monthly payment.
Assumes a fixed APR, no new charges, and the same payment every month. If the entered payment does not reduce the balance, payoff time and interest are shown as unavailable.
Estimated result
2y 7m
Payoff time with extra
Interest with current payment
$5,267
Interest with extra
$3,269
Interest saved
$1,998
Time saved
17 months
Why extra payments matter
Credit-card interest compounds against a declining balance. Even a modest recurring extra payment can shorten the payoff period.
Minimum payments can drag
If your payment barely exceeds monthly interest, payoff can take years. Use a realistic fixed payment for planning.
No new charges
The estimate assumes you stop adding purchases and the APR stays unchanged.