Credit Card Calculator
Find out how long it will take to pay off a credit card balance.
Credit Card Payoff Calculator
Find out how long it takes to pay off a credit card balance with minimum payments.
Payoff time
Months to pay off
Total interest paid
Total amount paid
Enter your details and press Calculate to see an instant breakdown.
How the credit card payoff calculator works
This calculator simulates paying off a credit card balance by making a minimum payment each month — the higher of a percentage of the balance or a fixed dollar amount.
- Monthly rate = APR ÷ 12 ÷ 100
- Each month: interest is added, then the minimum payment is subtracted
- Loop until the balance reaches zero
Example: a $5,000 balance at 20% APR with a 2% minimum ($25 fixed floor) takes over 28 years to pay off, costing thousands in interest.
Use it to: see the true cost of minimum payments, or compare payoff strategies by adjusting your payment amount.