Credit Card Debt Payoff Calculator

Compare minimum payments vs fixed monthly payments for credit card debt. Fast, free, and fully client-side.

Credit Card Balance ($)Annual Percentage Rate (APR %)Fixed Monthly Target Payment ($)Minimum Payment (% of balance)

Usually 2% - 3%, floor $25.

Fixed Payment Strategy

Months to Payoff:33

Total Interest Paid:$1600.00

Minimum Payment Strategy

Months to Payoff:237

Total Interest Paid:$7401.39

Interest Saved

By making the fixed payment instead of the minimum

$5801.39

How the Credit Card Debt Payoff Calculator Works

Compares minimum payment schedules against fixed target payments, showing total interest paid, months to debt-free, and potential savings.

N = -log(1 - (r × PV) / PMT) / log(1 + r)

Calculates the number of periods (N) to pay off a present value (PV) given regular payments (PMT) and interest rate (r).

Paying $100/mo on a $5,000 balance at 18% APR takes 94 months and costs $4,311 in interest.