Credit Card Payoff Calculator
Fill in the values and the answer updates as you type.
How the Credit Card Payoff Calculator works
Months = −ln(1 − r × balance ÷ payment) ÷ ln(1 + r). The payment must be larger than the monthly interest.
Inputs and results
The Credit Card Payoff Calculator takes 3 inputs and gives 3 results.
What you enter
- Balance ($) — starts at 5000.
- Interest rate (APR) (%) — starts at 18.
- Monthly payment ($) — starts at 200.
What you get
- Months to pay off
- Years
- Total interest
Example: Credit Card Payoff Calculator with the starting values
With balance 5000 $, interest rate (apr) 18 % and monthly payment 200 $, the calculator returns:
| Months to pay off | 32 |
|---|---|
| Years | 2.6 |
| Total interest | $1,313.6 |
Change any value above and the results update straight away.
Credit Card Payoff Calculator FAQ
How do I use the Credit Card Payoff Calculator?
Enter balance, interest rate (apr) and monthly payment in the fields, then read months to pay off, years and total interest in the result panel. The answer updates as you type, and you can press Calculate or Enter to refresh it. Use “Copy link” to share your exact numbers with someone else.
What does the Credit Card Payoff Calculator calculate?
How long it takes to pay off a balance. It returns months to pay off, years and total interest from the 3 values you provide.
What values does the Credit Card Payoff Calculator start with?
It opens with balance 5000 $, interest rate (apr) 18 % and monthly payment 200 $ so you can see a working result straight away. Replace them with your own numbers, or press Reset to return to these starting values.
Is the Credit Card Payoff Calculator free and private?
Yes. It is free, needs no account, and runs in your browser, so nothing you type is sent to or stored on our servers. See the Privacy Policy for details.
Can I rely on the Credit Card Payoff Calculator for financial decisions?
Treat the result as a well-rounded estimate. Real situations often have details a general calculator cannot know, so confirm financial decisions with a qualified professional. See the Disclaimer for more.