Finance & Money

Credit Card Payoff

Months to pay off (fixed payment).

Balance ($) APR (decimal) Monthly payment ($)

Educational estimates only. Not medical, legal, tax, or financial advice.

Guide: Credit Card Payoff

Iterates monthly interest and principal reduction until balance hits zero.

Enter balance, APR, and planned monthly payment.

Each month: interest = balance × (APR/12); principal = payment − interest.

$5,000 at 19.99% APR with $200/month may take ~32 months—run the tool for exact numbers.

Does this include new charges?

No. Additional spending changes payoff time.

Minimum payment only?

Paying only minimums stretches payoff; enter your actual planned payment.

Promotional APR?

Blended APR changes over time; this model assumes a single rate unless extended.