Credit Card Payoff Calculator

Enter your credit card info below and find out how long it will take to pay off your debt.

+ Add Another Card ⟲ Reset

You will be debt-free by

May 2017

or, 0 months (0 payments)


Total amount you'll pay


0% interest



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Credit Card and Loan Terms You Should Know


There are many different types of credit cards you can choose from including private label retail cards and general-purpose cards. Private label cards are issued by the store, while a general-purpose card is typically unsecured and means that the person offering you the line of credit is doing so based on your credit history. Secured cards are another option but are generally backed by a deposit that the creditor will be able to claim if you were to default on your payment obligations.

A credit card payment calculator is just one tool that may prove to be useful when you want to find out just how long it could take to pay off your debt. Depending on the calculator, you can find out the monthly payment amount that is required to pay your credit card balance in full, or it can provide you with your estimated purchases and the amount of time you would need to pay off your balances. It also provides you with the ability to calculate the credit card interest you'll pay above the original credit card balance.

Personal loans, mortgages, and auto loans are other significant lines of credit you can attain, and the creditor will usually look at your credit score to help determine if they should offer you the line of credit or not. Like with credit cards, there are several kinds of loans you can get so it is important to understand the ins and outs of each one to help you determine which lender would be best suited for your specific needs and situation.

Balance Transfer


Interest Rate


Debt Consolidation


Utilization Ratio


Minimum Payment


Negative Amortization


Credit Card Balance

This is the amount of charges owed to the credit card company. You should be able to find your most recent balance on your credit card statement.


APR stands for Annual Percentage Rate. Credit card companies must show customers the APR to facilitate a clear understanding of the actual rates applicable to their agreements.

Monthly Payment

This is the amount you are going to pay and not necessarily your monthly minimum payment. However, this amount should be at least your monthly minimum payment to remain in good standing with the credit card company.

From balance transfer services, interest rates, and utilization ratios to negative amortization, APR, and monthly payments, there are many categories and terms you will need to know to educate yourself properly and avoid any costly mistakes that could harm your financial well-being in the future. It’s always important to view the issuer’s terms and conditions to be sure what you’re signing up for, and to educate yourself on what kinds of fees and interest you’ll be paying.