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Credit Card Payoff Calculator

Live — see how long it takes to clear your balance and how much interest you'll pay. Leave the payment blank to use a 3% minimum.

The minimum-payment trap

Card minimums are typically around 2–3% of the balance, often just covering interest. Paying only the minimum can keep you in debt for decades and cost several times your original balance in interest. This calculator shows the payoff months and total interest for the payment you choose — try raising it to watch the savings compound.

Strategies

The avalanche method targets your highest-APR card first and saves the most money. The snowball method targets the smallest balance first for psychological wins. Both work — pick the one you'll stick with.