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Tools

Credit card payoff calculator

Enter a balance, APR and monthly payment to simulate your payoff month by month. Add an optional extra payment to compare schedules.

Annual percentage rate. Use 0 if there is no interest.

Must be greater than zero.

Leave blank to skip the comparison.

Assumptions and limits

  • The interest rate stays constant, and monthly rate = APR ÷ 12.
  • No new purchases, fees or penalty rates are added.
  • Interest is calculated monthly. Issuers often calculate daily, so your statement can differ.
  • The final payment may be smaller than the regular payment.
  • The simulation stops at 1,200 months (100 years).

Educational guidance. No credit check. No approval guarantee.

Related guide: Annual fees vs. security deposits