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.
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.
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 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
- We convert your APR to a monthly rate.
- If you supply a payment, we run standard amortization until the balance hits zero (calendar-based).
- 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
Enter balance & APR
Start with your current credit card balance and the annual interest rate.
Pick a payoff style
Choose between a fixed monthly payment or a target timeline.
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.
Frequently Asked Questions
Why does the calculator reject my payment?
What if I want to pay it off faster?
Does this include fees?
Related Tools
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.