Credit Card Payoff Calculator
Months to debt-free and total interest at your monthly payment.
How to use the Credit Card Payoff Calculator
- Enter your figures in the fields above — results update instantly as you type.
- Choose your currency symbol (the maths is the same in any currency).
- Use Share result to save a link that reloads your exact inputs, or Print for your records.
- Compare scenarios by changing one input at a time and noting how the main result moves.
Formula
Each month: Balance = Balance × (1 + APR/12) − Payment Repeat until the balance reaches zeroWorked example
A 6,000 balance at 22.9% APR paid at 250 a month takes about 33 months and costs roughly 2,100 in interest.
Frequently asked questions
Avalanche or snowball?
Avalanche (highest APR first) minimises interest; snowball (smallest balance first) builds momentum. Both beat minimum payments.
Do balance transfers help?
A 0% promo can save a lot if you clear the balance before it ends — check the transfer fee.
Learn more
Assumptions & limits
Results are estimates based on the inputs you provide and the formula shown, rounded for display. They do not account for every fee, tax rule or market condition. This tool is educational and is not financial, tax or legal advice — confirm important decisions with a qualified professional.
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