Credit Card Payoff Calculator
Instead of guessing at a payment, work backward from a deadline: tell this calculator your balance, APR, and how many months you want to be debt-free in, and it will tell you the payment required.
$0.00 / month
How It Works
Credit cards typically charge interest daily but bill monthly, so this uses the standard amortization formula (the same one behind fixed loan payments) to solve for the payment that clears your balance in exactly the number of months you choose. Credit card APRs are usually much higher than loan or mortgage rates, so even a modest balance can carry a surprisingly large interest cost if payoff is stretched out.
Worked Example
Clearing a $4,500 balance at 24% APR within 18 months requires a payment of about $300/month, with roughly $900 of the total going to interest. Stretch that same balance out to 36 months instead, and the required payment drops to around $177/month — but total interest more than doubles to roughly $1,875, since the balance sits accruing interest for twice as long. This is the core trade-off the calculator makes visible: a lower monthly payment isn't free, it's borrowed from a longer, more expensive payoff.