Credit Card Payment Calculator
Enter your card balance, APR and payoff term to see the monthly payment and total interest.
- Free
- No sign-up
Enter the balance, APR and term to see the payment.
Worked example
With these example inputs:
- Card balance$5,000
- APR22%
- Payoff term3 yr
Monthly payment: $190.95
- Loan amount$5,000
- Total interest$1,874
- Total of payments$6,874
- Payoff time3 yr
Frequently asked questions
How is the card payment calculated?
The balance is treated like a loan at the card's APR over your chosen term. Clearing a $5,000 balance at 22% in 3 years takes about $191 a month.
Why is credit card interest so costly?
Card APRs are high and interest compounds on any unpaid balance. Paying more than the minimum each month sharply cuts both the time and the interest to clear it.