Credit Card Payoff Calculator
Pick a monthly payment and see how long until you're free — or pick a timeline and see what payment you need.
Inputs
How it works
Each month we add interest (APR ÷ 12 × balance) then subtract your payment. The loop ends when the balance reaches zero or after 50 years.
Frequently asked questions
Why does credit-card interest hurt so much?
APRs are typically 18–30% and interest compounds monthly. A balance left in the wild can double every 3–4 years.
Should I do a balance transfer?
If you can pay off the full balance during a 0% promo, yes. Otherwise compare the transfer fee against the interest you'd save.
Does paying more than the minimum help?
Enormously. Even an extra $50/month can cut years off the payoff.
What's the smartest payoff strategy?
Highest-rate first ('avalanche') saves the most interest. Snowball — smallest balance first — gives faster psychological wins.
Can I negotiate my APR?
Yes — call and ask. Cardholders with good payment history often get a lower APR just for asking.