Credit Card Payoff Calculator
Use Credit Card Payoff Calculator to see how long it will take to pay off your debt.
Credit Card Details
Payment Strategy
Additional Options
Time to Pay Off Debt
25 months
Debt-free by March 2027
Total Interest Paid
$1,234
Total Amount Paid
$6,234
Payoff Progress
Begin your debt payoff journey
Payment Comparison
Payoff Breakdown
Current Balance
$5,000
Monthly Payment
$200
Interest Rate
18.5%
Payoff Time
25 months
Balance Reduction Over Time
Payment Schedule (First 12 Months)
Debt Payoff Strategies
Avalanche Method
Pay minimums on all cards, put extra toward highest interest rate first. Saves the most money.
Snowball Method
Pay minimums on all cards, put extra toward smallest balance first. Provides psychological wins.
Balance Transfer
Transfer high-interest debt to a 0% APR card. Great if you can pay off during promotional period.
Debt Consolidation
Combine multiple debts into one lower-interest loan. Simplifies payments and can reduce interest.