Interest before payment
Interest is added to the balance before each end-of-month payment. The final payment may be smaller than the planned payment.
A CLEAR PATH TO ZERO
Credit Card Payoff Calculator
See how long it could take to pay off a card, how much interest you may pay, and what an extra monthly payment changes.
YOUR PAYOFF PLAN
ESTIMATED PAYOFF38 months
October 2029
Debt-free dateOctober 2029
Total interest$3,306.31
Total paid$11,306.31
Interest saved$1,202.28
Time saved13 monthsCurrent payment: 51 months · With extra payment: 38 months
REMAINING BALANCE$8,000
PAYOFF SCHEDULE
| Period | Payment | Principal | Total interest | Current balance ($) |
|---|---|---|---|---|
| 12 months | $300.00 | $180.80 | $119.20 | $6,041.29 |
| 24 months | $300.00 | $227.03 | $72.97 | $3,581.65 |
| 36 months | $300.00 | $285.09 | $14.91 | $492.99 |
| 38 months | $206.31 | $202.44 | $3.88 | $0.00 |
Extra goes to principal
Paying above the planned amount lowers the balance exposed to future interest.
Statements can differ
Daily accrual, fees, variable APRs, and posting dates are outside this estimate.
FREQUENTLY ASKED QUESTIONS
Know the cost. Change the date.
How is credit card interest estimated?+
This calculator uses APR divided by 12 and applies interest before each monthly payment. Many issuers use daily balance methods, so statements can differ.
What if my payment only covers interest?+
The balance will not fall. Increase the payment until it exceeds the interest added each month.
How do extra payments help?+
Extra money reduces principal sooner, so fewer future dollars are exposed to interest.
Are fees included?+
No. Annual fees, late fees, promotional rates, and variable APR changes are not modeled.