Credit Card Payoff Calculator
See how long it takes to clear a credit card balance and how much interest you'll pay at a fixed monthly payment.
Your details
Time to pay off
2 yrs 9 mos
- Total interest
- $1,522.10
- Total paid
- $6,522.10
Principal vs interest
- Principal
- $5,000.0077%
- Interest
- $1,522.1023%
Time to pay off2 yrs 9 mos
Formula
Each month, interest = balance × APR/12 is added, then your payment reduces the balance. If the payment is below the monthly interest, the balance never falls.
Sources & methodology
- •CFPB — credit card debt — CFPB
Last updated: 2026-07-19
Related calculators
More Credit Cards →Learn more
How to Pay Off Credit Card Debt FasterHigh APRs make credit card debt brutal. The payoff strategies that actually work — and the math behind them.What Affects Your Credit ScoreFive factors decide your score, and two of them dominate. Knowing them is how you improve it fastest.Debt Avalanche vs Snowball: Two Ways to Get Out of DebtBoth methods work by throwing extra money at one debt at a time. The avalanche saves the most interest; the snowball keeps you motivated. Here's how to choose.How Credit Card Interest Really WorksCredit card interest compounds daily and is quietly brutal. Understanding the daily rate, the grace period, and minimum payments is the first step to beating it.
Embed this calculator⌄
Paste this into your page — it works with no key and computes in the visitor's browser.
<iframe src="https://numveo.com/embed/credit-card-payoff-calculator" width="100%" height="640" style="border:0" loading="lazy" title="Credit Card Payoff Calculator"></iframe>