How long will it take to pay off my credit card?
Months to payoff and total interest at a fixed payment, compared with paying only the minimum.
Time to pay off
34 months (2 years 10 months)
- Total interest paid
- $1,773
- Total paid
- $6,773
- Paying only the minimum: time to pay off
- 231 months (19 years 3 months)
- Paying only the minimum: total interest
- $8,177
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How this calculator works
Interest is charged the way most card issuers do it: a daily rate (APR ÷ 365) compounded over each billing cycle of about 30.4 days, on the balance carried. Your payment is applied at the end of each cycle.
The minimum-payment comparison uses the common rule of 1% of the balance plus that month's interest, with a $25 floor. Check your cardholder agreement for your issuer's exact rule.
Assumes no new purchases, fees or rate changes. If the payment does not cover a month's interest, the balance never falls and the calculator says so.
This is an estimate for planning, not financial advice. See our methodology, or put the whole budget together with the afford-to-live-here calculator.
Last updated .