// CREDIT & LOANS
Credit Card Payoff Calculator
Use this free credit card payoff calculator to find out how long it takes to clear your balance and how much interest you are really paying.
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Months to Pay Off
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Total Interest
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Total Paid
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Debt Free Date
How to use this credit card payoff calculator
Enter your current balance, your card's APR and what you plan to pay each month. If you still use the card, add your typical new monthly charges. The credit card payoff calculator shows the months to pay off, total interest and your debt-free date.
If the result says "Never", your payment is not covering the interest. Increase the payment, stop adding new charges, or look at a 0% balance transfer card. If you are struggling, the Consumer Financial Protection Bureau explains your options for dealing with credit card debt.
Frequently Asked Questions
What is a good credit card APR?
In 2025, the average credit card APR is around 21–24%. Anything below 15% is good. Above 25% is high — if you carry a balance, look for a 0% balance transfer card to reduce what you are paying in interest.
Should I pay more than the minimum payment?
Always. The minimum payment is designed to keep you in debt as long as possible. On a $3,500 balance at 25% APR, paying only the minimum could take over 15 years to clear. Pay as much as you can above the minimum.