Enter your credit card balance, interest rate, and minimum payment to see exactly when you'll be debt-free — and how much interest you'll save by paying extra.
Enter your current balance, annual interest rate (APR), and the minimum payment you make each month. Then use the "Extra Payment" scenarios to see how much faster you can pay off your debt — and how many dollars you'll save in interest.
Credit cards use compound interest, calculated daily on your outstanding balance. The average US credit card APR in 2025 is around 24%. On a $5,000 balance, paying only the minimum can take over 15 years and cost $4,000+ in interest alone.
It's a tool that shows exactly when you'll pay off your credit card based on your current balance, interest rate, and monthly payment amount.
Even $50 extra per month can cut years off your repayment timeline. Use the "Extra Payment Scenarios" above to see the exact impact.
Yes — click "+ Add debt" to enter all your credit cards at once and get a combined payoff plan.
For credit cards they're effectively the same. APR (Annual Percentage Rate) is the yearly cost of borrowing, used to calculate your monthly interest charge.
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