Credit Card Payoff Calculator

Your details

The amount you currently owe on the card.
The card's purchase APR. The average US card APR is around 21-24%.
%
Solve for the payoff time, the required payment, or model paying only the minimum due.
A fixed amount you will pay every month.
An optional lump sum applied immediately, before the monthly payments start.
Currency
Time to pay off
34months
Debt-free byApr 2029
Balance (principal)$5,000
Total interest$1,750
Total paid$6,750
Interest if minimum-only$8,100
Interest saved vs minimum-only$6,350

You'll be debt-free in about 34 months (2 yr 10 mo), by Apr 2029, paying 1,750 in interest.

  • Credit card APRs are high, so interest is a large share of what you pay, minimise the time in debt.
  • Every extra dollar per month shortens the payoff and cuts total interest disproportionately.
  • Versus paying only the minimum, this fixed payment saves roughly 6,350 in interest.
  • Avoid new charges while paying down, or the balance and interest reset upward.

Next stepNudge the monthly payment up and watch both the months and the interest slice drop.

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