Free Credit Card Payoff Calculator
See exactly when you'll be debt-free and how much interest you'll pay. Adjust your payment to find the fastest path out of credit card debt.
Have multiple credit cards?
The Avalanche Method saves more money on multiple debts.
Enter Your Card Details
Suggested minimum: $100 (2% of balance)
Your Payoff Timeline
Debt-Free Date
—
— months
Total Interest Paid
$0
Going to the credit card company
✨ With Extra Payment of $0/mo
New Debt-Free Date
—
Interest Saved
$0
Pay off — months faster!
Payoff Timeline Comparison
How to Pay Off Credit Card Debt Faster
Credit card debt is one of the most expensive forms of debt, with average APRs ranging from 18% to 30%. The key to paying it off faster is to pay more than the minimum payment whenever possible. Even an extra $50-100 per month can cut years off your payoff timeline and save you thousands in interest.
Use the slider above to see how extra payments accelerate your debt freedom. If you have multiple credit cards, consider using the Debt Avalanche method which targets your highest-interest card first to maximize interest savings. Or try the Debt Snowball method for quicker psychological wins by paying off smaller balances first.
Ready to Tackle Multiple Debts?
Use our full Debt Payoff Calculator to compare Avalanche vs Snowball strategies and create a complete plan.
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Frequently Asked Questions
How long will it take to pay off my credit card?
The time to pay off credit card debt depends on your balance, interest rate, and monthly payment. Use our calculator above to see your exact payoff date. For example, a $5,000 balance at 20% APR with $150 monthly payments takes about 44 months to pay off.
How much interest will I pay on my credit card?
Total interest depends on your balance, APR, and payment amount. Higher payments mean less interest over time. Our calculator shows your exact interest cost and how much you save with extra payments.
Should I pay more than the minimum payment?
Yes, always pay more than the minimum if possible. Minimum payments are designed to keep you in debt for years. Even an extra $50-100 per month can cut years off your payoff timeline and save thousands in interest.
Is it better to pay off one card or spread payments across all cards?
Focus extra payments on one card at a time while making minimums on others. The Avalanche method (highest interest first) saves the most money. The Snowball method (smallest balance first) provides faster psychological wins. Compare both methods here.