Português
EspañolCredit card payoff calculator
See how long it takes to pay off a credit card and how much interest you will pay, or what monthly payment clears it by a target date.
When will my card be paid off?
Everything happens on your device: nothing is uploaded to the internet.
Available in: 
Credit card payoff calculator: what it is for
Enter your card balance, APR and monthly payment. The calculator shows how many months it takes to reach zero, the total interest you will pay and your debt-free date. It also shows the monthly payment needed to pay the card off in the number of months you choose.
New purchases on the card are not included, so stop using it while you pay it down.
How to use
- Enter the balance and APR.
- Enter your monthly payment.
- See the payoff time and interest, or set a target.
When to use it
- Building a plan to get out of card debt.
- Seeing the cost of paying only the minimum.
- Comparing with a balance transfer or personal loan.
Frequently asked questions
Why does paying the minimum take so long?
Credit cards charge a high APR, often above 20%. With a small payment, most of it goes to interest and the balance barely moves. Paying even a little more each month cuts years and a lot of interest.
How is credit card interest calculated?
Cards charge interest daily on the balance, at the APR divided by 365. This calculator uses the monthly equivalent (APR ÷ 12), which gives a very close estimate.
Should I pay off the highest rate or the smallest balance first?
Paying the highest APR first (avalanche) saves the most interest. Paying the smallest balance first (snowball) gives quicker wins. Both work if you stick to them.
Is it really free?
Yes, 100% free. No sign-up, no subscription and no usage limits. All Tools123 tools are free and run right in your browser.