1
Enter your balance
Add your current credit card balance and annual percentage rate.
DEBT & PAYOFF
Credit Card Payoff Calculator
Estimate how long it could take to pay off your credit card, how much interest you may pay, and how an extra monthly payment could change the result.
YOUR CARD
Enter your payoff details
Try adding
Payment is too low.Your monthly payment does not exceed the estimated monthly interest, so this simplified model cannot calculate a payoff date.
Educational estimate. This model assumes a fixed APR, monthly interest, one payment per month, no new purchases, no fees and no missed payments. Actual card issuer calculations may differ.
PAYOFF SCHEDULE
First 12 months
Estimated payment, interest, principal and remaining balance.
| Month | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| Enter your details to generate a payoff schedule. | ||||
2
Set your payment
Enter the amount you plan to pay each month and optionally add an extra payment.
3
Compare the outcome
Review payoff time, estimated interest and the potential impact of paying more.
HOW IT WORKS
See where your monthly payment goes
Each simulated month, estimated interest is added to the remaining balance. Your payment then covers that interest and reduces the principal. The process repeats until the modeled balance reaches zero.
Monthly rate = APR ÷ 12Principal paid = payment − monthly interestExample$5,000 balance
20% APR
$200 monthly payment
+ $100 extra payment scenario
Use the calculator to compare how the extra payment changes estimated payoff time and total interest.
FAQ
Credit card payoff calculator FAQ
How long will it take to pay off my credit card?
It depends on your balance, APR and monthly payment. Enter those values above to generate an estimated payoff timeline.
What happens if I pay extra each month?
In this model, the extra amount goes toward the monthly payment and can reduce principal faster, shortening the payoff period and reducing estimated interest.
Why does PRAVIAX say my payment is too low?
If your payment does not exceed the modeled monthly interest, the balance will not decline under these assumptions.
Is the payoff date guaranteed?
No. This is an estimate. Actual interest calculations, fees, payment timing, APR changes and new purchases can change the real payoff date.