Credit Card Calculator
Payoff time for a credit card balance.
Inputs
$
%
$
Result
Payoff Time33.7 months
Total Interest$1,749.54
About the Credit Card Calculator
The Credit Card Calculator shows how long it takes to pay off a card balance at a given rate, and the total interest, based on either a fixed monthly payment or minimum payment percentage.
Calculation method
Amortizes the balance with monthly interest charged on the running balance. Minimum-payment scenarios extend payoff dramatically.
Same amortization as loans; if payment ≤ interest, balance never falls.How to use this calculator
- Enter your current balance and APR.
- Enter the monthly payment you plan to make.
- See months to payoff and total interest.
Example
A $5,000 balance at 22% APR paid at $150/month takes about 51 months to pay off and costs $2,600 in interest.
Frequently asked questions
Why do minimum payments never end?
Minimums are usually 1–2% of the balance plus interest — barely more than interest itself. They can stretch payoff to 20+ years.
Balance transfer or personal loan?
0% balance transfers save the most if you can pay off within the promo (usually 12–21 months). Personal loans give more time at a fixed rate above 0%.
Does APR compound daily?
Yes on most cards. Daily compounding turns a 22% APR into an effective annual rate closer to 24.6%.
Disclaimer: This calculator is for informational and educational purposes only and does not constitute financial, tax, or legal advice. Consult a qualified professional for decisions specific to your situation.