Credit Card Payoff Calculator
Estimate months to pay off a credit card and total interest from balance, APR, and a fixed monthly payment.
How to use this credit card payoff calculator
Minimum payments are designed to last years. This payoff calculator shows how a fixed payment actually retires a balance once monthly interest is applied. If the payment is too low, it will say so instead of looping forever.
Formula
Worked example
A larger payment shortens payoff time and reduces total interest.
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Frequently asked questions
Is this credit card payoff calculator free?
Yes. It works instantly in your browser with no signup.
Are the results exact?
Results follow the stated formula, but real-world fees, timing, and rounding can vary.
How long to pay off a credit card?
This tool simulates month by month: interest accrues, then your payment is applied. A $5,000 balance at 22% APR with $200/month takes about 34 months.
Why is my payment not enough?
If the payment is less than the first month of interest, the balance grows. Raise the payment until the calculator accepts it.
How can I pay less interest?
Pay more than the minimum, stop new charges, or transfer to a lower APR if the fee is worth it. Compare payoff months here.
Does this use average daily balance?
It uses a simple monthly interest model (APR ÷ 12). Issuer methods differ slightly; treat the result as a close estimate.
Results are estimates for informational purposes and are not financial, legal, or professional advice. Last reviewed 2026-08-20.