Credit card payoff calculator
See how recurring purchases and extra payments change payoff time.
How to use
- 1Enter balance, APR, monthly payment and optional amounts.
About
This is a projection with constant rate and purchases; issuers may differ.
Credit card payoff calculator
Estimate payoff time and interest for a credit card balance, including recurring purchases and extra payments.
Each month interest = balance × APR ÷ 12; payment reduces the balance after recurring purchases are added.
No. It assumes a constant APR and monthly purchases; issuer fees and rate changes can change the result.
Calculations run locally in your browser; entered financial values are not sent to a server.
Practical example
- A $2,000 balance at 24% APR with a $150 payment shows how an extra payment changes the timeline.
Limitations and notes
- Use positive rates, terms and amounts. Results are estimates and do not include lender-specific rules or fees.
How to use
- 1Enter balance, APR and monthly payment.
- 2Add recurring purchases or an extra payment.
- 3Review months, interest and estimated savings.
Frequently asked questions
Is the payoff date exact?
No. It assumes a constant APR and monthly purchases; issuer fees and rate changes can change the result.
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