Credit Card Payoff Calculator
See your payoff time, total interest and estimated payoff date.
Estimated payoff time
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Total interest—
Total paid—
Estimated payoff date—
How this payoff calculator works
The calculator applies monthly interest to the remaining balance, then subtracts the part of your payment that goes toward principal. Paying more than the minimum can greatly reduce total interest.
Formula
Monthly interest rate = APR ÷ 12. Each payment first covers interest; the remainder reduces principal.