Credit card payoff calculator
This calculator estimates how long it may take to repay a credit card balance based on your APR, monthly payment, minimum payment settings, promotional rates and optional extra spending.
You can use it in three ways: calculate the payoff time from a fixed monthly payment, work out the payment needed to clear the balance within a target number of months, or compare minimum payments against a higher overpayment amount.
What this calculator includes
- Fixed monthly payment mode
- Target payoff timeframe mode
- Minimum payment vs overpayment comparison
- Optional promotional APR period
- Optional ongoing monthly card spending
- Optional one-off overpayment in a chosen month
- Monthly repayment schedule
Important note
This tool provides an estimate only. Real credit card providers may calculate interest daily, use different statement dates and apply different minimum payment rules. Always check your card terms before making decisions.
This calculator provides general estimates only and does not constitute financial, tax, or legal advice.