Financial · Calculator
Credit Card Payoff Calculator
Calculate how long it will take to pay off your credit card.
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Credit Card Payoff Calculator
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See how long it takes to clear your credit card balance with a given monthly payment.
Formula
Iterative balance reduction with monthly interest.Step-by-step
- Each month: interest = balance × (APR/12)
- balance += interest - payment
- Repeat until balance ≤ 0
Example
A $5,000 balance at 19.99% APR with $200/month takes ~33 months to pay off.
FAQ
Why does it say payment too low?+
If your payment is less than the monthly interest, the balance never decreases.
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