Credit Card Payoff Calculator
Estimate payoff date, required payment, and interest cost from your balance and APR.
Inputs
Results
How this calculator works
This payoff calculator helps English search users understand how long a credit card balance may take to repay and how much interest can accrue when only fixed monthly payments are made.
Formula and assumptions
The calculator applies monthly APR interest to the remaining balance, subtracts the monthly payment, and repeats until the balance reaches zero. In target-month mode it solves the amortizing payment.
FAQ
Does this include new purchases?
No. It assumes you stop adding new charges so the payoff date reflects the existing balance only.
What if my payment is too low?
If the payment does not cover monthly interest, the calculator warns that the balance will not be repaid.
Is APR the same in every country?
APR disclosure rules differ, but monthly interest math is a useful estimate for US, UK, Canadian, and Australian cards.
Can I compare payoff strategies?
Yes. Increase the monthly payment or lower the target months to see how interest changes.
