💰 Finance
Credit Card Payoff Calculator
Credit cards compound interest daily and charge it monthly, which is why a balance can take years to clear even with steady payments. Paying only slightly more than the interest charge never reduces the balance at all.
How it works
Card balance
Annual interest rate (APR)
Monthly payment
Months to pay off
Total interest paid
Total paid
Interest charged in month 1
Frequently asked questions
How do I use the Credit Card Payoff Calculator?
Fill in the fields above — the result recalculates instantly as you type. Everything runs in your browser, so the values you enter are never collected or stored.
Is this calculator free?
Yes. It is completely free, requires no account, and works on phones, tablets and desktops.