Credit Card Payoff Calculator
Calculate your debt-free timeline and see how much interest you'll pay
$
%
$
Minimum payment (~2%): $100.00
Important Disclaimer
This calculator uses daily compounding interest, which is standard for most credit cards. Results are estimates and may vary from your actual credit card statement due to billing cycles, fees, and varying daily balances.
Monthly Payment
$150.00
Balance Over Time
Amortization Schedule
💡 Tips to Pay Off Credit Card Debt Faster
1. Pay More Than the Minimum
Even small increases to your monthly payment can save thousands in interest and years of payments.
2. Consider Balance Transfers
Look for 0% APR balance transfer offers to temporarily stop interest charges while you pay down the principal.
3. Use the Debt Avalanche Method
Focus on paying off the highest-interest debt first while making minimum payments on others.
4. Avoid New Charges
Stop using the card while paying it off. New charges make it nearly impossible to eliminate the debt.
Looking for more financial tools? Check out Stat Calc Pro for Statistical calculator.