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Credit Card Payoff Calculator

See how long it takes to eliminate credit card debt. Compare monthly payment plans vs. payoff timelines, and understand interest along the way.

Build your payoff plan

Dial in your balance, APR, and preferred approach. We show monthly payments, interest costs, and the exact payoff month so you can stay motivated.

Balance & APR

Start with the basics, then choose your payoff style.

$
%
$/mo

Payoff overview

Timeline plan

Monthly payment: $300.00 · Payoff time: 2 years 11 months

Total interest

$2,293.42

Total paid

$10,293.42

Months

35

Recent scenarios

No history yet. Run a calculation to save it here.

    Amortization snapshot

    First few payments with interest vs. principal breakdown.

    MonthPaymentPrincipalInterestBalance
    1$300.00$180.00$120.00$7,820.00
    2$300.00$182.70$117.30$7,637.30
    3$300.00$185.44$114.56$7,451.86
    4$300.00$188.22$111.78$7,263.64
    5$300.00$191.05$108.95$7,072.59

    Showing first 5 months. The payoff plan includes 35 payments total.

    How this credit card calculator works

    1. We convert your APR to a monthly rate.
    2. If you supply a payment, we run standard amortization until the balance hits zero (calendar-based).
    3. If you supply a timeline, we compute the minimum payment that pays off the balance in that time.

    Payoff tips

    • Increase monthly payments whenever possible; small boosts can shave months off your plan.
    • Consider balance transfer offers, but watch for transfer fees and promotional timelines.
    • Automate payments right after payday to avoid missing due dates and interest charges.

    How It Works

    The Credit Card Calculator runs entirely in your browser using JavaScript. Unlike other tools that send your data to a server, we process everything locally on your device. This guarantees 100% privacy and blazing fast speed.

    • No server interaction – data never leaves your device
    • Instant results since there is no network latency
    • Works offline once the page is loaded
    • Free to use with no usage limits

    How to Use

    1

    Enter balance & APR

    Start with your current credit card balance and the annual interest rate.

    2

    Pick a payoff style

    Choose between a fixed monthly payment or a target timeline.

    3

    Review payoff details

    See how long it takes, interest paid, and monthly breakdowns.

    Example Usage

    Paying $300/month on an $8k balance at 18% APR takes about 33 months and over $2k in interest.

    Input
    Balance: $8,000 APR: 18% Monthly payment: $300
    Output
    Payoff time: 33 months Total interest: $2,108 Total paid: $10,108

    Frequently Asked Questions

    What does the Credit Card Calculator calculate?
    It estimates monthly payments, total interest, and payoff time based on your balance, APR, and payment plan. It helps you understand how long repayment may take.
    How do I estimate payoff time for my credit card?
    Enter your current balance and APR, then enter either a monthly payment or a target payoff time. The calculator estimates the payoff schedule and interest cost.
    Why is interest so high even with small balances?
    Credit card APRs are often high, and interest compounds over time. Paying more than the minimum can reduce both payoff time and total interest significantly.
    Does this include fees and new purchases?
    Most calculators assume no new charges and do not include fees unless you add them to the balance. For accurate planning, avoid adding new purchases while paying down debt.
    Is this Credit Card Calculator secure?
    Yes. It runs 100% client-side, so your numbers stay in your browser and are not uploaded to a server.

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    The Credit Card Calculator is maintained by CodeItBro. We aim to provide the best free developer tools on the web. If you have feedback or suggestions, please visit our contact page.