How can I pay off my credit card faster?

Paying more than the minimum each month dramatically reduces total interest and payoff time. Even an extra $50/month can save hundreds in interest on a typical balance.

Credit Card Payoff Calculator

Estimate how long it takes to pay off a credit card balance.

This tool runs in your browser. None of your data is saved or sold.

Balance ($)

Annual rate (%)

Monthly payment ($)

Monthly fees, optional ($)

About This Calculator

Credit card interest compounds daily, making it the most expensive form of consumer debt. This calculator shows exactly how long it will take to pay off a balance at a fixed monthly payment, and how much interest you'll pay total — numbers that are often eye-opening.

Estimates only — not financial, tax, legal, or investment advice. Verify important results with a qualified professional before making decisions.

iterative: balance(n+1) = balance(n) × (1 + APR/12) − payment; count months until balance = 0; total paid = months × payment; interest paid = sum of monthly interest charges