Credit Card Payoff Calculator
Calculate how long it will take to pay off your credit card debt and how much interest you'll pay along the way.
Your Cards
Payoff Time
3y 0m
months: 36
Total Interest
$3,047.77
Total Paid
$11,048
Per-Card Breakdown
Interest by Card
Frequently Asked Questions
How can I pay off credit card debt faster?
Pay more than the minimum each month, focus on high-interest cards first (avalanche method), consider a balance transfer to a 0% APR card, or explore debt consolidation options.
How is credit card interest calculated?
Credit card interest is typically calculated using the average daily balance method. Interest compounds daily based on your APR divided by 365. Making only minimum payments dramatically extends your payoff time.
What is a good strategy for multiple credit cards?
Focus extra payments on the card with the highest APR (avalanche) to minimize total interest, or the smallest balance (snowball) for psychological motivation. Always pay at least the minimum on all cards.
This calculator is for educational and estimation purposes only. It does not constitute financial or credit counseling advice.