Free credit card calculator to calculate credit card payoff time and interest. Instant results in your browser — no signup.
Also known as: Calculate credit card payoff time and interest, credit card payoff calculator, pay off credit card, credit card interest, Calculate payment needed to clear balance by target date, calculate credit card payoff time and interest calculator, calculate credit card payoff time and interest, credit cards finance
Results update when you click Calculate Payoff.
Payoff time
37 months
Sep 2029
Interest as % of balance
40%
Paydown schedule (sample)
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| Mo 1 | $250.00 | $125.47 | $124.53 | $6,374.53 |
| Mo 2 | $250.00 | $127.87 | $122.13 | $6,246.65 |
| Mo 3 | $250.00 | $130.32 | $119.68 | $6,116.33 |
| Mo 4 | $250.00 | $132.82 | $117.18 | $5,983.51 |
| Mo 5 | $250.00 | $135.37 | $114.63 | $5,848.14 |
| Mo 6 | $250.00 | $137.96 | $112.04 | $5,710.18 |
| Mo 12 | $250.00 | $154.60 | $95.40 | $4,825.12 |
| Mo 18 | $250.00 | $173.24 | $76.76 | $3,833.31 |
| Mo 24 | $250.00 | $194.13 | $55.87 | $2,721.90 |
| Mo 30 | $250.00 | $217.55 | $32.45 | $1,476.45 |
| Mo 36 | $250.00 | $243.78 | $6.22 | $80.80 |
Free credit card calculator to calculate credit card payoff time and interest. Instant results in your browser — no signup. Each month: interest = balance × APR/12; principal = payment − interest; new balance = old balance − principal.
Each month: interest = balance × APR/12; principal = payment − interest; new balance = old balance − principal.
$6,500 at 22.99% APR with $250/mo pays off in ~32 months and ~$2,400 interest.
If payment only covers interest, principal never decreases — increase payment or negotiate APR.