Financial

Credit Card Payoff Calculator

How long to clear a credit card balance and how much interest it costs.

Payoff time

35 mo

Total interest paid$1,859.39
Method

How it works

n = −log(1 − B·r/P) / log(1 + r)
Solves for how many months a fixed monthly payment takes to eliminate a revolving balance at a given APR.
FAQ

Frequently asked

Why is my payoff time infinite?

Your payment doesn't cover monthly interest. Increase it above balance × APR/12 to make progress.

How do I pay off faster?

Snowball (smallest balance first) or avalanche (highest APR first). Avalanche saves more interest; snowball gives quicker wins.

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