Credit Card Payoff Calculator

2 min

Estimate how long it will take to pay off a credit card balance.

GlobalNo account required

Clear of this card in

31 months

Paying $250 a month costs $1,725 in interest — about 29% of what you owe today.

Minimum only: 257 months

The minimum starts at $180 and shrinks with the balance, which is what stretches it out.

That path costs $6,977 in interest instead of $1,725.

Balance over time

Minimum onlyYour flat payment

$6K$3K$0K

NowYear 5Year 10Year 15Year 20

Interest you pay

Paying the minimum only$6,977
Paying $250 a month$1,725

Difference$5,252

What paying more does

Each row adds to your $250 payment.

+$25 → $275/mo28 months, saves $206

+$50 → $300/mo25 months, saves $366

+$100 → $350/mo21 months, saves $600

+$200 → $450/mo16 months, saves $883

What this card costs you

Balance today$6,000

Interest in the first month$100

Total interest on your plan$1,725

Total you hand over$7,725

Estimates are based on the information and assumptions you provide and are for educational purposes only. This is not financial, tax, legal or lending advice.

What this means

Holding the payment flat at $250 clears the card in 31 months and costs $1,725 in interest.
Paying only the minimum — $180 to start, falling as the balance drops — takes 257 months and costs $6,977.
Interest works out to 29% of what you originally owed on the flat payment.

Plan every debt together

Assumptions & methodology

Interest is compounded monthly on the full balance, with no grace period.
The minimum payment is 3% of the balance or $10, whichever is greater.
No new purchases are added to the card.

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