Credit Card Payoff Calculator

See how long a fixed monthly credit-card payment takes and the interest it costs. Calculate it clearly with Figur.

How the credit card payoff calculator works

See how long a fixed monthly credit-card payment takes and the interest it costs.

Method and assumptions

Figur applies straightforward arithmetic to the values you enter. The calculation runs locally in your browser and is not stored.

  • The result depends on accurate inputs and units.
  • External factors, fees, taxes, or rules not requested by the calculator are not included.
  • Use the result as a planning estimate and verify any high-stakes decision.

Sources and references

No external data source is required: this calculator uses standard arithmetic and the values you enter.

Worked example

A $5,000 balance at 22.99% APR with $200 monthly payments.

The estimated payoff time is 35 months, with total interest and total paid shown in the breakdown.

Frequently asked questions

What if my payment is too small?

Your payment must exceed the first month's interest or the balance will not be paid off.

Does this include new purchases?

No. Stop adding charges for this payoff estimate to remain accurate.

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