See how long your balance takes to clear and how much interest it costs, at the minimum payment and at a payment you choose. Free, and nothing to sign up for.
| Minimum payments only | Your payment | |
|---|---|---|
| Time to pay off | – | – |
| Total interest | – | – |
| Total paid | – | – |
| First month's payment | – | – |
Enter your balance to see results.
Minimum payment is estimated as the larger of $25 or the monthly interest plus 1% of the balance, which is a common formula. Your card issuer's formula may differ, so check your statement.
| Payoff goal | Monthly payment needed | Total interest |
|---|---|---|
| 1 year | – | – |
| 2 years | – | – |
| 3 years | – | – |
| 5 years | – | – |
Fixed monthly payments at your rate, with no new charges.
Most of a minimum payment goes to interest, so the balance falls slowly. As the balance drops, the minimum drops with it, which stretches the payoff out even further.
Yes. Extra money goes straight to principal, which cuts the interest charged in every later month. Try raising the payment above and watch the time and interest change.
It is an estimate. Card rates can change, interest may be calculated daily, and issuers use their own minimum payment formulas. Your statement shows the real numbers.
This calculator is for education only and is not financial advice. Results are estimates and are not guaranteed. We are not a lender, broker or financial advisor. See our advertiser disclosure.
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