Credit card payoff calculator

Updated 7 November 2026 ยท ClearCost USA ยท 4 min read

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.

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All Credit Card and Debt Payoff pages (38)

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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