Credit Card Payoff Calculator
See how long it takes to pay off a credit card and how much interest you will pay. Free payoff calculator.
Frequently asked questions
- How is the interest calculated?
- Each month the remaining balance accrues one twelfth of the APR, then your payment is applied. The loop repeats until the balance reaches zero.
- What happens if my payment is too low?
- The calculator warns you when the payment barely covers the monthly interest, so the balance would never clear.
- Does it include annual fees or new charges?
- No. It models interest only, on the assumption that you stop adding new charges to the card.
- Is my balance uploaded?
- No. The calculation runs entirely in your browser.
This tool runs entirely in your browser. No data is uploaded anywhere.