Credit Card Payoff Calculator

See how long it takes to clear a credit card balance and how much interest you'll pay at a fixed monthly payment.

Your details

Current balance$APR%Monthly payment$Must exceed the monthly interest to pay off the balance.

Time to pay off

2 yrs 9 mos

Total interest: $1,522.10
Total paid: $6,522.10

Principal vs interest

Principal: $5,000.0077%
Interest: $1,522.1023%

Time to pay off2 yrs 9 mos

Formula

Each month, interest = balance × APR/12 is added, then your payment reduces the balance. If the payment is below the monthly interest, the balance never falls.

Sources & methodology

•CFPB — credit card debt — CFPB

Last updated: 2026-07-19

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