Finance tool
Credit Card Payoff Calculator
Get a payoff timeline and interest total from your balance, APR, payment, and optional extra payment. A negative-amortization warning flags payments that cannot reduce the balance.
Credit card payoff
Payoff time
47 months
Payoff date2030-07-09
Total interest$3,967
Total paid$13,967
First payment: interest / principal$150 / $150
With $100 extra32 months, $2,628 interest
| Month | Payment | Interest | Balance |
|---|---|---|---|
| 1 | $300 | $150 | $9,850 |
| 2 | $300 | $148 | $9,698 |
| 3 | $300 | $145 | $9,543 |
| 12 | $300 | $123 | $8,044 |
| 24 | $300 | $89 | $5,705 |
| 36 | $300 | $47 | $2,909 |
| 47 | $167 | $2 | $0 |
Minimum payments can make debt last for years
Each month, interest is calculated first and the remainder of the payment reduces principal. The result shows that split and compares the timeline with an additional $100 payment.
Actual cards may calculate daily interest, fees, promotional APRs, and new purchases differently. Use the statement's payoff amount for a final payoff quote.
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