Credit Card Payoff Calculator
Enter your balance, APR and the fixed amount you plan to pay each month.
This calculator is for general information only and is not financial advice. Verify important decisions with a qualified professional.
What this tool does
Enter your balance, APR and the fixed amount you plan to pay each month.
How this is calculated
Each month, interest = balance × (APR/12), then the rest of the payment reduces the principal - the same way a card issuer applies a fixed payment. The simulation runs month by month until the balance reaches zero.
Frequently asked questions
What if my payment barely covers interest?
The calculator warns you and refuses to run, since the balance would never actually decrease at that payment level.
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