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Credit Card Calculator

Discover how long it will take to pay off your credit card balance and how much interest you will pay, based on your current repayment amount. Explore scenarios to find a faster way to clear your debt.

Live estimate

Plan a faster path out of credit card debt

See how ongoing spending stretches out your payoff - then plan the payment that clears the card.

Your card

Enter your monthly payment

Monthly: 1.833%
New charges added each month

Description

Estimates your payoff time and total interest from your balance, rate, monthly spending, and payment or target timeframe.

Assumptions

  • Fees, cash advances, and interest-free periods are excluded.
  • Monthly interest equals the outstanding balance multiplied by the annual rate, divided by 12. The rate stays constant.
  • Spending is added from month 2, excluding the final payoff month.
  • Payments stay constant; the final payment is reduced to clear the balance.

Your estimate

Estimated time to pay off

2 years

Total interest

$2,404

Total paid

$19,004

24 monthly payments

Reducing monthly spending or increasing the payment shortens the payoff time and cuts interest.

Credit Card Balance Chart

Estimated credit card balance after each monthly payment (including new spending).

Card balance
$0$3K$5K$8K$10K0510152024BalanceMonths

Monthly schedule

24 months
MonthInterestPrincipalPaymentBalance
1$183$617$800$9,383
2$172$628$800$9,055
3$166$634$800$8,721
4$160$640$800$8,381
5$154$646$800$8,035
6$147$653$800$7,682
7$141$659$800$7,323
8$134$666$800$6,957
9$128$672$800$6,585
10$121$679$800$6,206
11$114$686$800$5,819
12$107$693$800$5,426
13$100$701$800$5,026
14$92$708$800$4,618
15$85$715$800$4,202
16$77$723$800$3,779
17$69$731$800$3,349
18$61$739$800$2,910
19$53$747$800$2,463
20$45$755$800$2,009
21$37$763$800$1,545
22$28$772$800$1,074
23$20$780$800$593
24$11$593$604$0