Credit card payoff calculator

See how long your balance takes to clear, what it costs in interest, and how much an extra payment saves.

Card balance

Add several cards together, or run each card on its own.

APR

On your statement, under "interest charge calculation".

Your monthly payment

A fixed amount you will pay every month.

Or: extra on top of the minimum

Used when the fixed payment above is empty.

Debt-free goal

Shows the payment that clears the card in that time.

Press Calculate to see your payoff date

Starting values: balance $5,300 = average monthly balance per cardholder in 2024 (CFPB, The Consumer Credit Card Market, Dec 2025); APR 22.36% = average rate on credit card accounts assessed interest, August 2026 (Federal Reserve G.19, via FRED, updated automatically); minimum payment = 1% of the balance plus that month's interest, with a $25 floor, the method NerdWallet says large issuers most commonly use and a typical floor it cites (NerdWallet, Sep 17, 2025); extra $100 a month is an example amount. Your card's own formula is in your card agreement. General information, not financial advice. Assumes no new purchases, fees or rate changes, and interest charged monthly at APR ÷ 12.