Credit card payoff calculator
Explore payoff time for one balance, one rate and a fixed monthly payment.
Your scenario
Method and exclusions
Illustrative monthly approximation: apply APR divided by 12 to the opening monthly balance, then subtract the fixed payment. No new spending, fees, promotional changes or multiple balance rates. Actual card issuers may use daily balance methods and differing grace periods. This is not an issuer minimum-payment calculation. Payments must exceed the first month’s modeled interest.
Supporting guidance: CFPB card interest methods (new tab). Guidance checked 28 October 2026; the arithmetic model remains our stated approximation.
How to use the result
Run a baseline, then change one assumption at a time. Compare the total cost or balance as well as the monthly amount. Keep excluded taxes, fees and product features on a separate checklist. Confirm decisions against actual provider documents.