Credit card payoff calculator
Minimum payments are designed to keep you paying for decades. See exactly how long your balance will take to clear — and what a real payment plan saves you.
Debt-free in
3 years
Monthly payment
$200.00
Total interest
$2,001
Your plan vs. minimum payments only
| Your plan | Minimum only | |
|---|---|---|
| Monthly payment | $200.00 | starts at $150.00, shrinks |
| Time to payoff | 3 years | 19y 6m |
| Total interest | $2,001 | $8,887 |
Your plan saves $6,886 in interest and 16y 6mof payments compared to sending only the minimum (modeled as interest + 1% of the balance, $25 floor — check your card's exact formula).
Assumes no new charges on the card while paying it down — that part is on you. Why card interest snowballs so fast is covered in Good debt, bad debt & DTI.