DebtLab

Credit Card Payoff Calculator

A free credit card payoff calculator that simulates a revolving balance month by month: interest accrues at the card's APR, your payment lands, and the balance falls until it hits zero. It reports the payoff time and total interest for a fixed payment, can solve the payment needed to be debt-free by a target date, and includes a minimum-payment view that shows what paying only the issuer's minimum really costs. The simulation is an amortization estimate from the numbers you enter — card issuers accrue interest daily and set their own minimum formulas — and it is not credit counseling, a consolidation offer, or financial advice.