Credit Card Payment Calculator

Your details

Fixed-payment mode: enter a monthly payment, get the payoff date. Fixed-term mode: enter a target payoff period, get the required payment.
The total outstanding balance on your credit card right now.
Your card's annual percentage rate. Find it on your statement or card agreement.
%
The fixed amount you plan to pay each month. Must exceed the monthly interest charge to make progress.
Most issuers require at least 1-3% of the outstanding balance each month as a minimum payment. Used only to show the minimum-payment comparison.
%
Currency
Required monthly paymentPaid off within 3 years
$150.00

Payment needed each month to hit your target payoff date

Months to pay off32mo
Payoff time2 years 8 months
Total paid$4,683.10
Total interest$1,183.10
Interest as % of balance33.8%
Minimum monthly payment$70.00
Months if paying minimum only167mo
Interest if paying minimum only$8,186.07
Interest saved vs minimum$7,002.97
Original balance (principal)$3,500.00
Your payment plan$1,183.10
Minimum payments only$8,186.07

Debt-free in 2 years 8 months with $150.00/mo.

  • You will pay $1,183.10 in interest on top of the original $3,500.00 balance.
  • Paying $150.00/mo instead of the minimum saves you roughly $7,002.97 in interest.
  • Your chosen payment shaves 11 yrs 3 mo off the payoff timeline vs paying only the minimum.
  • With an APR above 20%, even a small increase in your monthly payment makes a large difference in total interest paid.

Next stepOnce this card is paid off, redirect the monthly payment toward the next highest-rate debt or an emergency fund.

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