💳 Credit Card Calculator

Credit Card Calculator

Find out how long it will take to pay off your credit card debt and how much interest you'll pay. See the cost of minimum payments vs. fixed payments.

Credit Card Details

Enter your balance and payment info

$
$100$50K
%
1%36%
% of balance
Or minimum dollar amount
$
$
$
Fixed Payment Payoff
—
vs. minimum payments
Interest Saved vs. Min
$—
Min Payment: Time
—
Min Payment: Interest
—
Fixed Payment: Time
—
Fixed Payment: Interest
—
Current Balance—
APR—
Minimum Payments: Months—
Minimum Payments: Total Interest—
Fixed Payment: Months—
Fixed Payment: Total Interest—
Interest Saved—

FAQ

Why do minimum payments take so long?
Minimum payments are typically 2% of balance, so they shrink as your balance shrinks. This means you pay a smaller amount each month — mostly interest — making payoff take decades.
What is the avalanche method?
The avalanche method means paying off the highest-interest card first while making minimum payments on others. This minimizes total interest paid.
How is credit card interest calculated daily?
Daily Periodic Rate = APR ÷ 365. Interest = Average Daily Balance × DPR × Days in Billing Cycle. Paying early in the month reduces your average daily balance.