Credit Card Payoff Calculator
Calculate how long it will take to pay off your credit card debt and see a complete payment breakdown.
Credit Card Payoff Calculator
Debt Information
Payoff Summary
Monthly Payment
$200.00
Payoff Time
2y 9m
(33 months total)
Total Interest
$1,414.44
Total Amount Paid
$6,414.44
💡 Tip: Pay an extra $40.00/month to save 0.4 years!
First 12 Months Payment Breakdown
| Month | Payment | Interest | Principal | Remaining |
|---|---|---|---|---|
| 1 | $200.00 | $79.13 | $120.88 | $4,879.13 |
| 2 | $200.00 | $77.21 | $122.79 | $4,756.34 |
| 3 | $200.00 | $75.27 | $124.73 | $4,631.61 |
| 4 | $200.00 | $73.30 | $126.70 | $4,504.90 |
| 5 | $200.00 | $71.29 | $128.71 | $4,376.19 |
| 6 | $200.00 | $69.25 | $130.75 | $4,245.44 |
| 7 | $200.00 | $67.18 | $132.82 | $4,112.63 |
| 8 | $200.00 | $65.08 | $134.92 | $3,977.71 |
| 9 | $200.00 | $62.95 | $137.05 | $3,840.66 |
| 10 | $200.00 | $60.78 | $139.22 | $3,701.44 |
| 11 | $200.00 | $58.58 | $141.42 | $3,560.01 |
| 12 | $200.00 | $56.34 | $143.66 | $3,416.35 |
Payoff Strategies
📊 Avalanche Method
Pay off highest APR cards first while making minimums on others. Saves most money in interest.
❄️ Snowball Method
Pay off smallest balances first for psychological wins. Builds momentum but costs more in interest.