Finance Tools
Credit Card Payoff Calculator
Estimate how long it will take to pay off a credit card based on balance, APR, and monthly payment.
Estimate how long it will take to pay off a credit card based on your balance, interest rate, and monthly payment amount.
How to use this credit card payoff calculator
- Enter your current credit card balance.
- Enter the annual interest rate (APR) shown on your statement.
- Enter the amount you can pay each month.
- Click Calculate to see how many months it will take to pay off your card and how much interest you will pay.
Example
For a $5,000 credit card balance at 19.99% APR with a $200 monthly payment, this calculator shows:
- How many months (and years) it will take to pay off the card.
- The total amount you will pay over time.
- The total interest cost of carrying the balance.
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