Credit Card Payoff

Estimate card payoff or work backwards from a deadline.

Your numbers

Enter your numbers to see the result.

How Credit Card Payoff works

Interest is estimated monthly from APR and the remaining balance, then the chosen payment is deducted. Reverse mode calculates the fixed payment needed for a deadline.

A worked example

These sample values illustrate the calculation. Use your own numbers in the calculator for your result.

Example inputs

Card balance: 3000
APR (%): 22
Monthly payment: 150
Desired payoff in months (reverse mode): 24

Estimated payoff time: 26 months
Total interest: $771.43
Total paid: $3,771.43

Assumptions and limits

Rates, fees and contribution schedules are the assumptions you enter. This estimate does not include changes you have not entered.

Educational estimate only. This is not personalized financial, investment or tax advice.

Why is there no payoff date for my payment?

If the payment does not cover monthly interest, the balance cannot fall under this model. Increase the payment or check the entered APR.