Debt payoff · Free
Credit Card Payoff Calculator
See exactly how long it takes to clear your balance — and how much interest you'll pay along the way.
$
$0$50k
%
0%40%
Calculate by
$
$0$2k/mo
months
1 mo10 yrs
Payoff time
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Total interest
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Total paid
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Payoff summary
- Balance
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- APR
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- Monthly payment
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- Months to payoff
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- Total interest paid
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- Total amount paid
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Where your payments go
Principal — Interest —
Why minimum payments are a trap
- Credit card minimums are typically 1–2% of your balance, or a flat $25. At 22% APR, most of that goes to interest — your balance barely moves.
- A $5,000 balance at 22.99% APR with a $100/month payment takes over 10 years to pay off and costs more in interest than the original debt.
- Every extra dollar above the minimum goes directly to reducing principal — cutting both time and total cost.
The avalanche method
- If you have multiple cards, pay minimums on all of them — then throw every spare dollar at the card with the highest APR first. This minimises total interest.
- Once the highest-APR card is paid off, roll that payment into the next highest. The snowball grows.
- Use this calculator for each card to see which balance to attack first.