Credit Card Payoff Calculator
How long a balance takes to clear at a fixed monthly payment, and what it costs.
Method
How it works
APR is converted into a monthly rate. Each simulated month adds interest to the remaining card balance and subtracts the portion of the fixed payment left after that interest.
The process repeats until the balance reaches zero. If the payment does not exceed first-month interest, the entered payment cannot reduce the balance under this fixed-rate model.
Common questions
Frequently asked questions
Why will my credit-card balance never clear at some payment amounts?
If the monthly payment is no larger than the interest charged, none of the payment reduces principal.
Does the calculator use daily credit-card interest?
No. It converts APR to a monthly rate and runs a monthly balance simulation.
Are new purchases and fees included?
No. The calculation assumes no additional spending, fees or rate changes.
Not financial advice. This calculator is for general informational purposes only. Check figures independently before making financial decisions.