Credit Card Payoff Calculator
See the monthly payment needed to clear a credit card balance over a chosen term, the total interest and how extra payments speed it up.
- Free
- No sign-up
Enter your balance, APR and term to see the payment.
Worked example
With these example inputs:
- Card balance$6,000
- APR22%
- Payoff term3 yr
Monthly payment: $229.14
- Loan amount$6,000
- Total interest$2,249
- Total of payments$8,249
- Payoff time3 yr
Frequently asked questions
Why do credit cards cost so much in interest?
Card APRs are high and interest compounds on the balance, so paying only the minimum can stretch the payoff for years and add a lot of interest.
How can I pay off faster?
A shorter term or an extra monthly payment both cut the total interest. Even a small extra amount each month can shorten the payoff noticeably.