Credit Card Payoff Calculator
See exactly how long it takes to clear your balance — and what paying extra saves you.
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📉 Time is the most expensive thing on a statement
Debt is the same mechanism running in reverse: a year of not attacking a balance is a year the balance attacks you. Waiting for rates to fall has cost about $22,700 in interest per year of delay on the median U.S. home — the 30-year fixed went from 5.98% in February to 6.71% now. See the math, with the sources — updated monthly from Freddie Mac, Case-Shiller and Census data.
💡 Lower Your APR
A 0% balance transfer card could save you hundreds in interest. See top offers.
Compare Balance Transfer Cards →How This Works
This calculator uses the standard amortization formula. Your minimum payment goes to interest first, then principal. The result shows how many months until your balance hits zero, and the total interest you'll pay over that time. Adding even $50 extra per month can cut months (and hundreds in interest) off your payoff.