Credit Card Payoff Calculator
Estimate payoff timeline, total interest, and total paid for revolving credit card balances.
This calculator is part of the debt payoff calculators hub cluster and supports scenario-based planning across adjacent entities.
Payoff time
49 months
Total interest
$4,158.37
Total paid
$12,158.37
Scenario Compare
Save up to 4 credit card payoff scenarios.
No scenarios saved yet.
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $250.00 | $103.33 | $146.67 | $7,896.67 |
| 2 | $250.00 | $105.23 | $144.77 | $7,791.44 |
| 3 | $250.00 | $107.16 | $142.84 | $7,684.28 |
| 4 | $250.00 | $109.12 | $140.88 | $7,575.16 |
| 5 | $250.00 | $111.12 | $138.88 | $7,464.04 |
| 6 | $250.00 | $113.16 | $136.84 | $7,350.88 |
| 7 | $250.00 | $115.23 | $134.77 | $7,235.65 |
| 8 | $250.00 | $117.35 | $132.65 | $7,118.30 |
| 9 | $250.00 | $119.50 | $130.50 | $6,998.80 |
| 10 | $250.00 | $121.69 | $128.31 | $6,877.11 |
| 11 | $250.00 | $123.92 | $126.08 | $6,753.19 |
| 12 | $250.00 | $126.19 | $123.81 | $6,627.00 |
| 13 | $250.00 | $128.50 | $121.50 | $6,498.50 |
| 14 | $250.00 | $130.86 | $119.14 | $6,367.64 |
| 15 | $250.00 | $133.26 | $116.74 | $6,234.38 |
| 16 | $250.00 | $135.70 | $114.30 | $6,098.67 |
| 17 | $250.00 | $138.19 | $111.81 | $5,960.48 |
| 18 | $250.00 | $140.72 | $109.28 | $5,819.76 |
| 19 | $250.00 | $143.30 | $106.70 | $5,676.45 |
| 20 | $250.00 | $145.93 | $104.07 | $5,530.52 |
| 21 | $250.00 | $148.61 | $101.39 | $5,381.91 |
| 22 | $250.00 | $151.33 | $98.67 | $5,230.58 |
| 23 | $250.00 | $154.11 | $95.89 | $5,076.48 |
| 24 | $250.00 | $156.93 | $93.07 | $4,919.54 |
| 25 | $250.00 | $159.81 | $90.19 | $4,759.74 |
| 26 | $250.00 | $162.74 | $87.26 | $4,597.00 |
| 27 | $250.00 | $165.72 | $84.28 | $4,431.28 |
| 28 | $250.00 | $168.76 | $81.24 | $4,262.52 |
| 29 | $250.00 | $171.85 | $78.15 | $4,090.66 |
| 30 | $250.00 | $175.00 | $75.00 | $3,915.66 |
| 31 | $250.00 | $178.21 | $71.79 | $3,737.44 |
| 32 | $250.00 | $181.48 | $68.52 | $3,555.96 |
| 33 | $250.00 | $184.81 | $65.19 | $3,371.16 |
| 34 | $250.00 | $188.20 | $61.80 | $3,182.96 |
| 35 | $250.00 | $191.65 | $58.35 | $2,991.32 |
| 36 | $250.00 | $195.16 | $54.84 | $2,796.16 |
| 37 | $250.00 | $198.74 | $51.26 | $2,597.42 |
| 38 | $250.00 | $202.38 | $47.62 | $2,395.04 |
| 39 | $250.00 | $206.09 | $43.91 | $2,188.95 |
| 40 | $250.00 | $209.87 | $40.13 | $1,979.08 |
| 41 | $250.00 | $213.72 | $36.28 | $1,765.36 |
| 42 | $250.00 | $217.64 | $32.36 | $1,547.73 |
| 43 | $250.00 | $221.63 | $28.37 | $1,326.10 |
| 44 | $250.00 | $225.69 | $24.31 | $1,100.41 |
| 45 | $250.00 | $229.83 | $20.17 | $870.59 |
| 46 | $250.00 | $234.04 | $15.96 | $636.55 |
| 47 | $250.00 | $238.33 | $11.67 | $398.22 |
| 48 | $250.00 | $242.70 | $7.30 | $155.52 |
| 49 | $158.37 | $155.52 | $2.85 | $0.00 |
Insights
Generate a concise interpretation of your inputs and outputs. This is educational and hypothetical.
When This Calculator Can Mislead
Results can be misleading when assumptions are overly optimistic or inputs are inconsistent with real cash flow constraints.
Always test conservative and base-case assumptions and compare against related tools for contextual validation.
Contextual Links
What It Is
The credit card payoff calculator estimates how long it takes to clear revolving card debt with a fixed monthly payment.
It also quantifies total interest cost, which helps you compare repayment strategies and prioritize high-cost balances.
How It Works
The model applies monthly APR interest to the outstanding balance, then subtracts your fixed payment to update principal.
If payment is too low to reduce principal, the tool flags payoff as not achievable under the current settings.
Formula
Monthly interest = current balance * (APR / 12).
Principal paid each month = monthly payment - monthly interest. Balance declines by that principal amount.
Example
Increasing monthly payment by even a modest amount can shorten payoff time and reduce interest substantially.
Use the schedule table to identify how quickly interest burden falls as the balance declines.
Related Calculators
Explore parent context in the debt payoff calculators hub (Debt Hub).
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Frequently Asked Questions
Does this model variable APR cards?
No. It assumes a fixed APR for projection simplicity.
Can I include annual card fees?
No. This version models balance, APR, and payment only.
What if my payment is below monthly interest?
The calculator marks payoff as not achievable because principal does not decrease.
Continue Exploring
Explore parent context in the debt payoff calculators hub (Debt Hub).
mortgage payoff calculator
Mortgage Payoff Calculator
Model mortgage payoff timeline and total interest with optional extra monthly payments.
monthly loan schedule calculator
Loan Amortization Calculator
View monthly payment split, interest cost, and remaining balance over loan term.
student debt interest savings calculator
Student Loan Repayment Calculator
Model student loan monthly payment, payoff timeline, and interest savings from extra payments.
car loan calculator
Car Loan Calculator
Calculate financed amount, monthly payment, and total interest for auto loan scenarios.