Credit Card Payoff Calculator
See exactly how long it takes to pay off your credit card and how much interest you would save by paying faster. Enter your balance, APR, and monthly payment, and this calculator shows the months to zero plus the payments needed to clear it in 1, 2, or 3 years.
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Months to Pay Off
$0
Total Interest
$0
Payment to clear in 1 yr
$0
Payment to clear in 2 yr
$0
Payment to clear in 3 yr
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How to Use the Credit Card Payoff Calculator
- Enter your credit card balance.
- Add the card's APR (annual percentage rate).
- Enter your monthly payment.
- Click Calculate to see months to pay off, total interest, and the payment needed to clear it in 1, 2, or 3 years.
Formula Used
Example: A $5,000 balance at 24% APR with $200 monthly payments takes about 36 months to clear, costing roughly $2,000 in interest. Paying it off in 2 years would require about $264/month.
Frequently asked questions
Everything you need to know about this calculator.
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