Credit Card Payoff Calculator
See how long it takes to pay off your credit card and the total interest paid.
33 months
Time to Pay Off
Total Paid: $6,600.00
Total Interest: $1,600.00
Monthly Interest: $83.33
Total Interest: $1,600.00
Monthly Interest: $83.33
How Credit Card Payoff Is Calculated
This calculator uses the amortization formula to determine how many months it takes to pay off a balance given a fixed monthly payment and annual percentage rate (APR).
Your monthly payment must exceed the monthly interest charge for the balance to decrease. Paying more than the minimum dramatically reduces both the time and total interest.