Calculatree

Credit Card Payoff Calculator

See how many months a fixed payment takes to clear your balance — and the interest.

Inputs

Updates live as you type

How it works

Credit card interest compounds monthly, so a small fixed payment can keep you in debt for years. This calculator shows the payoff timeline and total interest, making clear how much faster a larger payment clears the balance.

Frequently asked questions

Why does paying the minimum take so long?

Minimum payments are a small percentage of the balance, so most of each one goes to interest early on. Paying a fixed, higher amount attacks the principal and slashes both time and interest.

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