Credit Card Payoff Calculator
Estimate your credit card repayment time Enter your card balance, annual interest rate and the monthly payment you can afford to estimate the payoff period and total cost.
Frequently asked questions
How does the payoff calculator work?
It uses a simplified monthly compounding estimate: the annual rate is divided by 12 and a fixed monthly payment is applied.
Why may my statement show a different result?
Your issuer may calculate interest or profit differently and apply transaction dates, fees, minimum payments and new purchases.
What if my payment is below the monthly interest?
The balance will not reduce under the assumptions used. Increase the payment or contact your card issuer to discuss available options.
This simplified simulation excludes fees, new purchases and rate changes. Check your card agreement for exact terms.