Your debt-free date
See exactly when you finish. In months or years, not vague guesses.
Credit Card Payoff Calculator: How Fast Can You Be Debt-Free?
$5,000 on a card at 24% APR feels like a $100 monthly bill. Paid that way, it lasts 22 years and costs $10,500. Pay $200 a month and it is gone in under 3 years for $6,700. Enter your balance, your APR, and your payment below. See your real debt-free date in one click.
What it really costs
Total interest you pay across the full payoff. The number your statement does not show.
Year-by-year breakdown
Watch principal drop and interest shrink each year as you go.
Credit Card Payoff Tool
Enter your three numbers. Get your payoff time, total interest, and a year-by-year picture.
What happens if you only pay the minimum?
The two snapshots below show the cost of paying just the minimum. After you tap Calculate My Payoff Time, these cards update to your real numbers — plus a "pay a bit more" comparison.
Why paying the minimum is costly — the math, the years lost, and what to do instead.
Scenario 1 Typical US credit card scenario $5,000 balance · 18% APR
- Minimum payment
- ~$100/month
- Time to pay off
- About 17 years
- Total interest
- About $9,200
You'll pay almost double your original balance in interest.
Scenario 2 Typical US credit card scenario $10,000 balance · 20% APR
- Minimum payment
- ~$167/month (illustrative fixed payment—issuer rules vary)
- Time to pay off
- 25+ years
- Total interest
- $20,000+
You could pay more in interest than what you borrowed.
One caveat: this model uses a fixed monthly payment. Real card minimums shrink a little as your balance drops. The calculator keeps it steady so you can compare scenarios cleanly.