Credit Card Payoff Calculator
Calculate how long it will take to pay off your credit card debt
$
%
$
Minimum: ~$116.67
Payoff Time
2y 10m
Nov 2028
Total Interest
$1,749.88
35% of balance
Total Payment
$6,749.88
Principal + Interest
Balance Payoff Timeline
| Year | Balance |
|---|---|
| Month 1 | $4,891.67 |
| Month 4 | $4,554.60 |
| Month 7 | $4,198.66 |
| Month 10 | $3,822.78 |
| Month 13 | $3,425.84 |
| Month 16 | $3,006.67 |
| Month 19 | $2,564.02 |
| Month 22 | $2,096.58 |
| Month 25 | $1,602.95 |
| Month 28 | $1,081.67 |
| Month 31 | $531.19 |
| Month 34 | $0.00 |
Impact of Higher Payments
If you pay $250.00 more:
Save $464.16 in interest, pay off 8 months sooner
If you double your payment:
Save $1,018.28 in interest, pay off 19 months sooner
Tips to Pay Off Faster
- Pay more than the minimum payment whenever possible
- Consider a balance transfer to a lower APR card
- Make bi-weekly payments instead of monthly
- Apply any windfalls (tax refunds, bonuses) to your balance
- Avoid adding new charges while paying off debt
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