PayoffCalc

Credit Card Payoff Calculator

See how long your credit card balance takes to pay off and how much interest you save by paying extra.

Runs locally in your browser — your debt balances never leave this page
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Try: Card balance=3500, Minimum payment=100, APR %=24.99, Extra payment / month=50, One-time extra payment=0 → 33, $1,343, 33, $1,343, $0

How to use

Credit cards charge compound interest daily, so even a small extra payment each month cuts the payoff time sharply. Enter your balance, minimum payment and APR, then add an extra amount to compare.

Reviewed by Jane Doe, AFC® certified financial counselor.

FAQ

Should I just pay the minimum?

Paying only the minimum on a high-APR card can take decades and cost more in interest than the original balance. Any amount above the minimum goes straight to principal and shortens the timeline.

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