Credit Card Payoff Calculator
Enter your balance, APR, and monthly payment to see months to payoff, total interest, and the savings from paying extra each month.
At 22.99% APR, a $5,000 balance paid at $200 a month is gone in 35 months and costs $1,871.08 in interest.
Use the Credit Card Payoff Calculator
Card Details
Enter your card details on the left, then click Calculate.
Payoff Summary
Months to Pay Off
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Total Interest Paid
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Total Paid
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Extra Payment Comparison
Standard
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months
With Extra
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months
You Save
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months
Interest — Standard
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Interest Saved
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| Month | Payment | Principal | Interest | Balance |
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Quick answer
At 22.99% APR, a $5,000 balance paid at $200 a month is gone in 35 months and costs $1,871.08 in interest. Paying $250 cuts that to 26 months and $1,365.57. A payment at or below the first month's interest ($95.79 here) never pays the card off. Figures assume a fixed payment and no new charges.
Examples
| Monthly payment | Months to pay off | Total interest |
|---|---|---|
| $100 | 167 (13 yr 11 mo) | $11,694.38 |
| $150 | 54 | $3,045.29 |
| $200 | 35 | $1,871.08 |
| $250 | 26 | $1,365.57 |
| $300 | 21 | $1,081.17 |
| $500 | 12 | $604.31 |
Enter your balance, APR and payment.
Summary
Enter your balance, APR, and monthly payment to see months to payoff, total interest, and the savings from paying extra each month.
How it works
- Enter your current credit card balance in the Balance field.
- Enter the annual percentage rate (APR) shown on your statement.
- Enter the minimum or planned monthly payment amount.
- Optionally enter an extra monthly payment amount to compare scenarios side by side.
- Select your currency and click Calculate to see months to payoff, total interest, total paid, and a full month-by-month amortization table.
Use cases
- A cardholder with a $5,000 balance at 22% APR checking whether a $200 monthly payment will ever clear the debt or just keep them treading water.
- Someone comparing what happens if they add an extra $50 per month to see how many months and dollars they save on total interest.
- A debt-payoff planner calculating the exact payoff date for each card before deciding which to avalanche or snowball first.
- A consumer evaluating whether a balance-transfer offer makes financial sense by comparing current APR payoff costs against transfer fee plus new APR.