Credit card payoff calculator
Enter a card balance and its APR. See how long your payment takes to clear it and what it costs in interest, or pick a target date and get the monthly payment that gets you there.
Save this plan
Debt Sunset turns these numbers into a plan you can follow: every card and loan, real billing cycles, what to pay each month, and progress as balances fall. Free for 30 days, no card needed.
Why minimum payments take so long
A card’s minimum payment is usually about 1% of the balance plus that month’s interest. As the balance falls, so does the minimum, so most of each payment keeps going to interest and the debt can linger for decades. A fixed payment, even a modest one, cuts the time dramatically. The comparison under the result shows how much.
Have more than one card? The avalanche and snowball calculators work out which to pay first.
Questions
How is interest calculated here?
Each month the balance grows by APR ÷ 12 and then your payment comes off. Issuers compound daily on your average daily balance, so the real figure is usually a little higher. How credit card interest works explains the details.
What if my payment does not cover the interest?
Then the balance never goes down. The calculator tells you the smallest payment that makes progress. If you are stuck there, a balance transfer or a call to your issuer about a hardship program may help.
Should I keep using the card while paying it off?
These results assume no new charges. New purchases add to the balance and, unless you pay the full statement balance, start collecting interest right away.
Estimates assume fixed APRs, no new charges and on-time payments, with interest charged monthly at APR ÷ 12. Card issuers calculate interest daily, so real totals can differ slightly. A calculator, not financial advice.