Credit Card Payoff Calculator
Calculate how long to pay off your credit card or what monthly payment hits your target date. See total interest cost.
Debt Free In
4y 3m
51 months
Total Interest
$4,508.60
Total Paid
$12,508.60
Payment Comparison
$200.00/mo77 monthsInt: $7,322.69
$250.00/mo51 monthsInt: $4,508.60
$300.00/mo38 monthsInt: $3,306.31
$400.00/mo26 monthsInt: $2,184.92
$500.00/mo20 monthsInt: $1,645.54
$750.00/mo13 monthsInt: $1,034.99
Frequently Asked Questions
How long will it take to pay off my credit card?+
It depends on your balance, APR, and monthly payment. An $8,000 balance at 22.99% with $250/month payments takes 44 months and costs $2,930 in interest. Paying $400/month cuts it to 23 months and $1,280 interest.
Should I pay more than the minimum?+
Always. Minimum payments (typically 1-3% of balance) keep you in debt for decades. An $8,000 balance at 23% with 2% minimum payments ($160 initial) takes 30+ years and costs over $16,000 in interest.
What is a balance transfer?+
Moving debt from a high-APR card to one with a 0% introductory rate (typically 12-21 months). A 3-5% transfer fee applies, but you save on interest if you pay it off during the promo period.