Credit Card Payoff Calculator

Calculate how to pay off your credit card debt faster and save on interest with different payment strategies.

Credit Card Details

Current Balance ($)

Annual Interest Rate (%)

Payment Strategy

Monthly Payment ($)

Time to Pay Off:

Total Interest:

Total Payment:

Interest Saved:

Principal

Interest

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Enter your Current Balance on the credit card.
Input the Annual Interest Rate (APR) of the card.
Choose a Payment Strategy:
- Minimum Payment: Calculates based on a percentage of the balance.
- Fixed Monthly Payment: Specify a fixed amount you'll pay each month.
- (Debt Snowball/Avalanche strategies might require multiple card inputs, currently simplified here)
If using "Fixed Monthly Payment", enter the desired Monthly Payment amount. If using "Minimum Payment", specify the percentage.
Click "Calculate" to see the payoff time, total interest paid, and potential interest savings compared to minimum payments.
Click "View Payment Schedule" for a detailed month-by-month breakdown.

Plan payoff for multiple debts.

Calculate general loan payments.

Manage income and expenses.

Plan your savings goals.