Credit Card Payoff Calculator: How Long to Clear a Balance
Free credit card payoff calculator: enter your balance, APR and monthly payment to see how many months to clear the debt and the total interest you'll pay.
Paying only the minimum on a credit card can stretch a balance out for years because most of each payment goes on interest. Enter your figures below to see exactly how long a fixed monthly payment takes to clear the card, and how much interest that costs, or work backwards from a target date to the payment you'd need.
Work out your credit card payoff
The calculator assumes a fixed interest rate and a level payment each month, with interest added monthly (APR divided by 12). Real card statements can round differently and some charge fees, so treat the result as a close estimate. The key lesson holds either way: a small increase in your monthly payment usually cuts both the time and the total interest sharply.
