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Credit Card Payoff Calculator
Calculate how long it will take to pay off credit card debt and how much interest you'll pay. See how increasing your monthly payment accelerates payoff.
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Find this on your credit card statement
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Minimum payment: $100
Your Payoff Plan
Time to Pay Off
$34.00
Payoff Time$34.00
Total Interest
$1,749.88
Total Paid
$6,749.88
Payoff date: November 2028
Time: 2 years 10 months
Savings vs. Minimum Payment Only
Interest Saved
$6,928
Time Saved
8y 7m
With minimum payments only ($100/mo), it would take 11 years 5 months and cost $8,678 in interest.
Payment Scenarios
| Monthly Payment | Time to Payoff | Total Interest | Total Paid |
|---|---|---|---|
| $100 | 11y 5m | $8,678 | $13,678 |
| $200 | 2y 10m | $1,750 | $6,750 |
| $300 | 1y 9m | $1,022 | $6,022 |
| $500 | 1y 0m | $574 | $5,574 |
| $750 | 8m | $383 | $5,383 |
| $1,000 | 6m | $294 | $5,294 |
Credit Card Payoff Tips
- •Pay more than the minimum to save significantly on interest
- •Consider a balance transfer to a 0% APR card if you have good credit
- •Stop using the card while paying it off to avoid growing your balance
- •Pay on time to avoid late fees and penalty APR increases
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How to Use This Credit Card Calculator
This free credit card payoff calculator helps you make informed financial decisions. Simply enter your values above and see your results instantly - no signup required.
Why Use Our Calculator?
- •Instant Results: See calculations update in real-time as you adjust values
- •Visual Charts: Understand your finances with interactive visualizations
- •Mobile Friendly: Works perfectly on any device
- •100% Free: No hidden fees or signup required