How to calculate credit card payoff?
Enter each card's balance, APR, and minimum payment. Set your monthly budget and run the calculator to see payoff months, total interest, and your estimated debt-free date.
Credit Card Payoff Calculator
Enter each card's balance, APR, and minimum payment, set your monthly budget, and instantly see payoff timing, total interest, and a step-by-step repayment plan. Adjust scenarios, compare payoff speeds, and export the full schedule to CSV.
100% Free — No sign-up, no paywalls, no limits. Use it as often as you want.
Export to CSV — Download your full payoff schedule and totals in one click.
Cards
Advanced (Per Card)
Advanced (Per Card)
2 Cards
Results (All Cards)
Total Paid
(All)
$4,457.68
Total Interest
(All)
$457.68
Total Principal
(All)
$4,000.00
Months to Payoff
(Overall)
12
Payoff Date
(Overall)
10/06/2026
If you pay $400.00 each month, you'll be debt-free in 12 months (1 year; estimated payoff date 10/06/2026). Total paid: $4,457.68; interest: $457.68.
Total Paid
$4,457.68
Interest: $457.68 (10%)
Principal: $4,000.00 (90%)
Show Purchases
Credit Card 1
- Total Payments: $2,725.80
- Total Interest: $225.80
- Total Principal: $2,500.00
- Payoff Length: 8
- Payoff Date: 06/08/2026
| Period | Date | Beginning Balance | Payment | Interest | Principal | Ending Balance | Notes |
|---|---|---|---|---|---|---|---|
| 1 | 11/10/2025 | $2,500.00 | $360.00 | $51.35 | $308.65 | $2,191.35 | |
| 2 | 12/10/2025 | $2,191.35 | $360.00 | $45.01 | $314.99 | $1,876.36 | |
| 3 | 01/09/2026 | $1,876.36 | $360.00 | $38.54 | $321.46 | $1,554.90 | |
| 4 | 02/08/2026 | $1,554.90 | $360.00 | $31.94 | $328.06 | $1,226.84 | |
| 5 | 03/10/2026 | $1,226.84 | $360.00 | $25.20 | $334.80 | $892.04 | |
| 6 | 04/09/2026 | $892.04 | $360.00 | $18.32 | $341.68 | $550.36 | |
| 7 | 05/09/2026 | $550.36 | $360.00 | $11.30 | $348.70 | $201.66 | |
| 8 | 06/08/2026 | $201.66 | $205.80 | $4.14 | $201.66 | $0.00 | Paid Off |
Credit Card 2
- Total Payments: $1,731.88
- Total Interest: $231.88
- Total Principal: $1,500.00
- Payoff Length: 12
- Payoff Date: 10/06/2026
| Period | Date | Beginning Balance | Payment | Interest | Principal | Ending Balance | Notes |
|---|---|---|---|---|---|---|---|
| 1 | 11/10/2025 | $1,500.00 | $40.00 | $24.65 | $15.35 | $1,484.65 | |
| 2 | 12/10/2025 | $1,484.65 | $40.00 | $24.39 | $15.61 | $1,469.04 | |
| 3 | 01/09/2026 | $1,469.04 | $40.00 | $24.14 | $15.86 | $1,453.18 | |
| 4 | 02/08/2026 | $1,453.18 | $40.00 | $23.88 | $16.12 | $1,437.06 | |
| 5 | 03/10/2026 | $1,437.06 | $40.00 | $23.61 | $16.39 | $1,420.67 | |
| 6 | 04/09/2026 | $1,420.67 | $40.00 | $23.34 | $16.66 | $1,404.01 | |
| 7 | 05/09/2026 | $1,404.01 | $40.00 | $23.07 | $16.93 | $1,387.08 | |
| 8 | 06/08/2026 | $1,387.08 | $194.20 | $22.79 | $171.41 | $1,215.67 | |
| 9 | 07/08/2026 | $1,215.67 | $400.00 | $19.97 | $380.03 | $835.64 | |
| 10 | 08/07/2026 | $835.64 | $400.00 | $13.73 | $386.27 | $449.37 | |
| 11 | 09/06/2026 | $449.37 | $400.00 | $7.38 | $392.62 | $56.75 | |
| 12 | 10/06/2026 | $56.75 | $57.68 | $0.93 | $56.75 | $0.00 | Paid Off |
Assumptions: Avalanche order (highest APR first); interest estimated with an Average Daily Balance approach on a 365-day basis by default; a 30-day billing cycle unless changed; new purchases accrue interest mid-cycle; results are educational estimates and may differ from your card issuer’s calculations.
About This Credit Card Payoff Calculator
This easy credit card payoff calculator shows how long it takes to become debt-free based on your balance, APR (interest rate), and monthly budget. Add multiple cards, compare scenarios, and see your total interest, payoff months, and target debt-free date instantly. It is free forever and the full schedule is exportable to CSV for your records.
How to Use
- Enter your total monthly budget.
- Add one or more cards with balance, APR, and minimum payment.
- Click Calculate to see payoff months, total interest, and your debt-free date.
- Adjust your budget or add extra payments to compare results.
- Click Export CSV to download your repayment schedule.
Tips to Pay Off Credit Card Debt Faster
- Focus on the highest APR first (the avalanche method) to cut interest.
- Make payments as early as you can; biweekly payments can help.
- Avoid new purchases while you are paying down balances.
- Use balance transfer offers with care and watch for fees and promo periods.
Frequently Asked Questions
What is the best way to pay off credit cards?
To save the most interest, pay the highest APR card first (the avalanche method) while paying at least the minimum on others. You can compare scenarios in this calculator.
How much should I pay each month?
Always pay at least the minimum on every card. Paying more each month shortens your payoff time and reduces total interest. Try raising your budget and compare results.