Credit Card Payoff Calculator
Compare fixed monthly payments vs. minimum payments to see when you'll be debt-free.
Fixed $200.00/mo
Time to payoff2 yr 9 mo
Total interest$1,521.02
Total paid$6,521.02
Minimum 2% payment
Time to payoff40 yr 5 mo
Total interest$18,451.17
Total paid$23,451.17
Minimum payments cost $16,930.15 more in interest.
How credit card payoff is calculated
Each month, interest accrues at APR ÷ 12 on the remaining balance. A fixed payment reduces the principal faster, while minimum percentage payments shrink as the balance falls — dramatically extending payoff time and total interest paid. Use this calculator to find how much you save by paying more than the minimum.
Private & free — this tool runs entirely in your browser.
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