Credit Card Payoff Calculator

That minimum payment is costing you years. Calculate the real timeline and total interest you'll pay.

Debt Details

Current Balance ($)

Interest Rate (APR %)

Payoff Strategy

Expected Monthly Payment ($)

Time to Freedom34 MonthsTotal Interest Cost: $0.00

AD_SLOT: NATIVE

Principal Paydown Schedule

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How this Credit Card Payoff Calculator works

Input your credit card balance, interest rate (APR), and monthly payment. We calculate the months to debt-free and the total interest paid. You can then adjust the payment amount to see how much faster you could be free.

Why this matters for your wealth

Minimum payments are designed to keep you in debt for decades. Paying just a little more than the minimum can cut years off your repayment timeline and save you thousands in interest. This tool shows you the brutal math of APR so you can fight back.

Frequently Asked Questions

Why is my balance not going down?
If you only make minimum payments, most of your money goes toward interest charges, leaving the principal balance almost untouched.