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Credit card payoff calculator

How long a payment takes to clear a card, the interest it costs, and the payment that clears it in three years. Free, with no account or uploads.

Clear a card

Type what you owe, the card's yearly rate and what you pay each month.

An example to start from; type your own.

0 means the minimum, taken as 1% of the balance or a floor; issuers' own rules differ.

With these numbers

The payment never clears it

The payment does not cover the interest as the balance falls. $196.16 a month would clear it in 3 years.

How it works and help
This is arithmetic on the numbers you type, not financial advice. Rates, fees and rules differ by lender and place. Worked out in your browser; nothing you type is sent anywhere.

A little help along the way

Follow these steps. Every option is explained underneath. Everything runs in your browser; nothing is sent anywhere.

  1. Say what you are working outA home, car or personal loan, paying off a card, or checking an offer.
  2. Type the amount, the rate and the termThe page starts with an example; type your own.
  3. Read the answerThe payment and the interest in words first, then the chart and the schedule.
  4. Download the scheduleAs CSV, a spreadsheet or a PDF.

Questions people ask

What if I pay only the minimum?
Leave the payment at 0 for the minimum, taken as 1% of the balance or a floor; issuers' own minimums differ, and paying only it can take decades.
What is the three-year payment?
The payment that clears the balance in 36 months, as US card statements show beside the minimum.
Are my numbers sent anywhere?
No. Everything is worked out in your browser and nothing you type is sent anywhere.

This page is the Loan calculator, opened for this one job; every other tool it has is one press away. Each of its settings is explained on the Loan calculator's own page.

Read the step-by-step guide

Guides

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