Credit Card Payoff Calculator
Find out how long it will take to pay off a credit card and how much interest you'll pay.
How to use the Credit Card Payoff Calculator
Enter your balance, the card's APR and what you can pay each month. See your debt-free date and total interest — then try a higher payment to see how much faster you get out of debt.
Formula
Each month: Balance = Balance × (1 + APR/12) − Payment
Worked example
A $6,000 balance at 22.9% APR with $250 monthly payments takes 33 months (2 years 9 months) and costs about $2,100 in interest.
Frequently asked questions
Avalanche or snowball?
The avalanche method (highest APR first) saves the most interest; the snowball method (smallest balance first) gives faster wins that keep some people motivated.
Does a balance transfer help?
A 0% transfer offer can save a lot if you clear the balance before the promo ends — factor in the transfer fee.
Results are estimates for educational and planning purposes. Always confirm important financial, health or legal decisions with a qualified professional. Last reviewed 2026-09-27.