Scenario 1
Credit Card Balance: 5,000 USD; Annual Interest Rate: 18 %; Monthly Payment: 200 USD
Monthly Interest Rate: 0.015; Months to Pay Off: 32 months; Total Interest Paid: 1,400 USD
Credit Card Payoff Calculator
Finance0.0(0)
Calculates the number of months it will take to pay off a credit card balance, given the balance, interest rate, and monthly payment.
More tools:Finance Calculators
How To Use
How to use this calculator
Start with your values, or try a preset.
Step 1
Enter Credit Card Balance, Annual Interest Rate, and Monthly Payment in the units shown.
Step 2
Read Monthly Interest Rate, Months to Pay Off, and Total Interest Paid in the results panel. Results update as you change the inputs.
Step 3
Choose a preset to load an example, then adjust the values for your situation.
Worked Examples
Example calculations
See the inputs and their calculated results.
Scenario 2
Credit Card Balance: 10,000 USD; Annual Interest Rate: 15 %; Monthly Payment: 300 USD
Monthly Interest Rate: 0.0125; Months to Pay Off: 43 months; Total Interest Paid: 2,900 USD
Scenario 3
Credit Card Balance: 2,000 USD; Annual Interest Rate: 20 %; Monthly Payment: 100 USD
Monthly Interest Rate: 0.01666666667; Months to Pay Off: 25 months; Total Interest Paid: 500 USD
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Important
Treat this output as a planning estimate and confirm rates, tax rules, and contract terms before making financial decisions.