Credit card payoff
Credit Card Payoff Calculator
See how long it takes to pay off a credit card, the interest you'll pay, and the monthly payment needed to be debt-free by a target date.
$
%
$
This month's interest alone is $95.
mo
Debt-free in
2 yr 11 mo
Total interest
$1,860
Payment to clear in 24 mo
$262
| Approach | Time to pay off | Interest paid |
|---|---|---|
| $200 every month | 2 yr 11 mo | $1,860 |
| Minimum payments only* | 19 yr 4 mo | $8,454 |
*Minimum modelled as 1% of the balance plus that month's interest, with a $25 floor — a common formula, but your issuer's may differ (check your statement). Assumes no new purchases, fees or rate changes.
