Credit card payoff calculator
Get your exact credit card payoff date and total interest. Compare two payment amounts side-by-side — see how every extra $50/month shaves months off your timeline.
Your action plan
Personalized insights based on your numbers above
A 0% balance transfer card could save thousands
With at least one debt above 18% APR, a 0% balance transfer (typically 12-21 months promo) could save $1,926+ in interest. Watch the 3-5% transfer fee and pay off before the promo ends.
4 debts? Snowball wins on momentum
With 4 debts, snowball method (smallest balance first) creates 4 quick wins to build momentum. Avalanche saves slightly more interest but has higher dropout rates. Behavior beats math.
When debt-free, redirect $200/mo to investing
The discipline that paid off $35,800 is worth more than the debt freedom itself. $200/month invested at 8% for 20 years becomes $1,098+. Turn the snowball into a wealth machine.
Payoff math for common balances at 22% APR
| Balance | Payoff in 12 mo | Payoff in 24 mo | Payoff in 36 mo |
|---|---|---|---|
| $2,500 | $234/mo | $130/mo | $96/mo |
| $5,000 | $468/mo | $259/mo | $191/mo |
| $10,000 | $936/mo | $518/mo | $382/mo |
| $15,000 | $1,404/mo | $777/mo | $573/mo |
Payments include accruing interest. Faster payoff = less interest charged.
Multi-card payoff order
For multiple cards, use the avalanche (highest APR first):
- Pay minimums on all cards
- Dump every extra dollar on the card with the highest APR
- When the top-APR card clears, redirect its payment to the next-highest
- Don't close paid cards — keep them at $0 balance to maintain available credit
0% balance transfer math
Moving $5,000 from a 22% card to a card with 18-month 0% intro:
- Transfer fee: 3% = $150 upfront
- Required monthly to clear in 18 months: $286
- Interest paid: $0 (vs ~$900 on the old card)
- Net savings: ~$750
Only works if you actually pay it off in the 0% window AND don't reload the original card.