Credit Card Payoff Time Calculator
Estimate months to pay off a credit card balance.
Educational estimate; actual payoff may vary with fees and rate changes.
Examples
- $1,000 at 18% APR with $50 payment ⇒ 24 months
- $5,000 at 20% APR with $200 payment ⇒ 33 months
FAQ
What if payment is too low?
The formula requires payment to exceed monthly interest.
Is compounding considered?
Yes, it assumes monthly compounding.
Additional Information
No additional information available.