See exactly how long it will take to pay off your credit card and how much interest you’ll pay. Choose a fixed monthly payment or set a target payoff date — and get a full month-by-month schedule.
How Credit Card Interest Works
Credit cards compound interest daily or monthly on your unpaid balance. Making only minimum payments dramatically extends your payoff timeline and can cost thousands in interest.
Frequently Asked Questions
What is the fastest way to pay off a credit card?
Pay as much above the minimum as possible each month. Even an extra $50–$100 per month can cut years off your payoff timeline and save hundreds in interest.
Should I pay off my highest-rate card first?
Mathematically, the debt avalanche method (paying highest APR first) saves the most money. The snowball method (lowest balance first) builds momentum. Both work — pick what motivates you.
What happens if I only make minimum payments?
With a typical 20% APR and 2% minimum payment, a $5,000 balance can take over 20 years to pay off and cost more than $6,000 in interest alone.
Related: Debt Payoff Snowball Calculator | Loan Calculator