Credit card payoff calculator
Enter your balance, APR and monthly payment to see how long it will take to pay off your card and what it will cost. Below you will find ready-made tables for common balances.
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Why paying more than the minimum matters
Card interest compounds monthly. At 24.99% APR a $5,000 balance costs about $104 in interest in the first month alone. If you pay only the minimum, most of your payment feeds that interest.
Choose your balance
Debt tools
All Credit Card and Debt Payoff pages (38)
- $1,000 at 19.99% APR
- $1,000 at 24.99% APR
- $1,000 at 29.99% APR
- $1,000 balance
- $2,000 at 19.99% APR
- $2,000 at 24.99% APR
- $2,000 at 29.99% APR
- $2,000 balance
- $3,000 at 19.99% APR
- $3,000 at 24.99% APR
- $3,000 at 29.99% APR
- $3,000 balance
- $5,000 at 19.99% APR
- $5,000 at 24.99% APR
- $5,000 at 29.99% APR
- $5,000 balance
- $7,500 at 19.99% APR
- $7,500 at 24.99% APR
- $7,500 at 29.99% APR
- $7,500 balance
- $10,000 at 19.99% APR
- $10,000 at 24.99% APR
- $10,000 at 29.99% APR
- $10,000 balance
- $15,000 at 19.99% APR
- $15,000 at 24.99% APR
- $15,000 at 29.99% APR
- $15,000 balance
- $20,000 at 19.99% APR
- $20,000 at 24.99% APR
- $20,000 at 29.99% APR
- $20,000 balance
- $25,000 at 19.99% APR
- $25,000 at 24.99% APR
- $25,000 at 29.99% APR
- $25,000 balance
- Balance transfer calculator
- Debt payoff calculator
Sources and further reading
Questions people ask
How is credit card interest calculated?
Most issuers divide the APR by 12 (or by 365 for a daily rate) and charge it on your balance. The calculator uses APR รท 12 each month.
Results are estimates for information only, not financial advice. Read the full disclaimer.
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