Credit Card Payoff Calculator
See how long it takes to pay off a credit card and how much interest you pay with a fixed monthly payment versus only the minimum.
Your numbers
- Total interest
- $2,256
- Minimum-payment payoff time
- 21 years
- Minimum-payment interest
- $10,887
How the credit card payoff calculator works
Each month interest = balance × APR ÷ 12 is added, then your payment is subtracted. The minimum payment path uses the larger of 1% of balance plus interest or $25.
Example
Using the default inputs (Card balance: $6,000; APR: 24%; Monthly payment: $250), the calculator returns payoff time (your payment) of 34 months. Change any field above to see your own result and charts update instantly.
Good for these goals
Frequently asked questions
Why does the minimum payment take so long?
Because the minimum is mostly interest at typical card rates, so principal barely falls.
What payment should I choose?
Pay as much as your budget allows. Even $50 more per month can cut years and hundreds of dollars.
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Estimates are for educational purposes only and are not financial, tax or legal advice. Results depend on your inputs and simplified assumptions; tax figures reflect 2026 federal rules and may differ from your situation. See our disclaimer. © 2026 FinanzCalc.