Estimate how long it may take to pay off your credit card balance based on your balance, interest rate, and monthly payment.

How this credit card payoff calculator works

This calculator estimates how long it may take to pay off a credit card balance based on the balance, interest rate, and monthly payment. It applies interest each month and subtracts the monthly payment until the balance reaches zero.

A higher monthly payment usually reduces both the payoff time and the total interest paid. If your monthly payment is too low, the balance may not decrease meaningfully because interest continues to accumulate.

This calculator is useful for comparing payoff strategies and understanding how long credit card debt may last.