Interactive financial calculator

Credit Card Payoff Calculator

Read the original credit card payoff calculator guidance with clear warnings and links to current official information.

1

Enter a scenarioUse your own estimates and time period

2

See the resultUpdates immediately as numbers change

3

Read the assumptionsKnow what is and is not included

Interactive calculator

Add your numbers

Estimate how long a fixed monthly payment could take to clear a card balance.

Planning estimate

Estimated payoff time

32 months
Approximate payoff
2 years 8 months
Estimated interest
$1,850
Estimated total paid
$7,850

Assumptions: Assumes no new spending, fees or rate changes and the same payment every month.

Migrated from the original site

Original guidance, with a current-information warning.

Time-sensitive
Some details in this legacy article may no longer be current

Dates, dollar amounts, eligibility rules, rates and named programmes should be checked against the current official sources below before you act.

Read the migrated legacy article

Use this credit card payoff calculator to see what it will take to payoff your credit card balance, and what you can change to meet your credit card repayment goals.

Definitions

Current balance
Current outstanding balance on your credit card.

Payoff goal (in months)
Your goal for paying off this credit card. This is the number of months by which you would like to have completely paid off this credit card balance.

Current monthly payment
The amount you are currently paying per month on this credit card. Please enter the amount you actually pay, not the minimum payment. This amount is used to calculate how long it will take you to pay off your balance.

New charges per month
Total new charges you expect to put on this credit card per month.

Interest rate (APR)
The annual percentage rate for this credit card.

Annual fee
Your annual fee for this credit card.

Major purchase
If you expect a major purchase beyond your normal charges, enter the amount to be spent here.

Months from now
Number of months before your major purchase will occur.

Migrated 2026-08-14 · 183 words retained · Prohibited branding and links removed