Credit Card Debt Payoff Calculator
See how long a balance may take to pay off, how much interest you could pay, or what monthly payment may be needed to become debt-free by a target date.
Build your payoff plan
Enter your balance, APR and payoff preference.
Two ways to use the calculator
If you know what you can afford each month, the calculator estimates the payoff time and interest. If you know when you want the debt gone, it solves for the monthly payment needed to reach that goal.
Why paying a little more can matter
Credit card interest compounds against you. The calculator also compares your chosen payment with a payment that is $50 higher, so you can see the possible time and interest savings.
Before relying on the result
- Use the card's current purchase APR.
- Do not include planned new charges.
- Check whether promotional rates are about to expire.
- Confirm your issuer's actual payoff quote before making a final decision.
Once the debt is paid off, your retirement spending requirement may fall.
Educational estimate: This tool is not financial advice and does not model fees, variable APR changes, penalty rates or new transactions.
Educational purposes only — read the Financial & Educational Disclaimer