Credit Card Payoff Calculator
Months to payoff ≈ −log(1 − B×r/P) ÷ log(1+r) where B=balance, r=monthly rate, P=paymentr=0.18/12=0.015, months ≈ 32, total interest ≈ $1,337
Free online tool
Credit Card Payoff Calculator
Enter your balance, interest rate and monthly payment to see your payoff timeline.
Instant calculation
Credit Card Payoff Calculator
Enter your balance, interest rate and monthly payment to see your payoff timeline.
Your result
Calculation
Your numbers stay in this browser. Nothing is uploaded or saved.
Three clear steps
How to use this calculator
- 01
Enter balance
Type the current credit card balance.
- 02
Enter rate and payment
Provide the annual interest rate and the fixed monthly payment you can make.
- 03
See payoff plan
Calculate to see months to payoff and total interest cost.
The formula
How this calculation works
Shows the number of months and total interest to pay off a credit card with fixed monthly payments.
Check the method
Worked examples
Each example follows the same formula used by the calculator.
Pay off $5,000 at 18% APR with $200/month?
r=0.18/12=0.015, months ≈ 32, total interest ≈ $1,337≈ 32 months, $1,337 interestCommon questions
Questions about this calculation
What is the Credit Card Payoff Calculator?
The Credit Card Payoff Calculator helps you calculate how long it will take to pay off a credit card balance. Enter your values and select Calculate to get an instant result.
How is the result calculated?
Shows the number of months and total interest to pay off a credit card with fixed monthly payments.
Can you show an example?
Example: Pay off $5,000 at 18% APR with $200/month? — ≈ 32 months, $1,337 interest.
Is my data saved when I use the Credit Card Payoff Calculator?
No. All calculations run locally in your browser. Your inputs and results are never uploaded, stored or shared with anyone.
Is the Credit Card Payoff Calculator free to use?
Yes. The Credit Card Payoff Calculator is completely free. No account, sign-up or payment is required. It works on mobile, tablet and desktop.
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