Credit Card Payoff Calculator

Find out how long it will take to pay off your credit card debt and how much interest you'll pay.

Credit Card Balance

Total outstanding balance on your credit card

APR (%)

Annual Percentage Rate — found on your card statement

Monthly Payment

The fixed amount you plan to pay each month

Debt-Free Date

How long until your balance reaches zero

2 years 10 months

Total Interest

Total interest charged over the payoff period

$1,749.88

Total Paid

Balance plus all interest payments

$6,749.88

Payments

Number of monthly payments to pay off

💡 What If You Doubled Your Payment?

Paying $400.00/month instead: debt-free in 1 years 3 months. You'd save $1,018.28 in interest.

Recommended Tools

LendingTree

Compare mortgage rates from multiple lenders. Get up to 5 offers in minutes.

Compare Mortgage Rates →

Bankrate

Find the best loan rates and financial products. Trusted by millions.

Check Today's Rates →

Credit Karma

Check your credit score for free and get personalized loan offers.

Check Your Score Free →

Rocket Mortgage

Get approved in minutes. America's largest mortgage lender.

Get Pre-Approved →

SoFi

Refinance student loans and mortgages at lower rates. No fees.

Check Your Rate →

NerdWallet

Compare credit cards, loans, and insurance. Free financial tools.

Compare Options →

We may earn a commission if you sign up through these links, at no extra cost to you.

Break Free From Credit Card Debt

Credit cards typically charge 18–28% APR, making them the most expensive form of consumer debt. Even small increases to your monthly payment can dramatically reduce your payoff time and total interest cost. Our calculator shows you exactly how.

The Hidden Cost of Minimum Payments

Making only minimum payments on a $10,000 credit card balance at 24% APR would take over 30 years to pay off and cost more than $20,000 in interest — twice the original balance. Our calculator visualizes this impact so you can make a plan to pay it off faster.

Frequently Asked Questions

How long will it take to pay off my credit card?

It depends on your balance, interest rate, and monthly payment. For example, a $5,000 balance at 22% APR with $150/month minimum payment takes about 4 years and costs $2,100 in interest. Increasing to $250/month cuts that to 2 years and $1,000 in interest.

What is the snowball vs avalanche method?

The avalanche method pays off the highest-interest debt first (saves the most money). The snowball method pays off the smallest balance first (provides psychological wins). Mathematically, avalanche is better, but snowball keeps you motivated.

Should I pay more than the minimum on my credit card?

Always pay more than the minimum if you can. Minimum payments are designed to keep you in debt as long as possible. Even $50 extra per month on a $5,000 balance at 20% APR can save over $3,000 in interest and cut years off your payoff time.