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Credit card payoff calculator
See how long your card takes to clear at a monthly payment you choose, and what it costs in interest.
Paying $150 a month2 years$594 in interest$3,594 paid in total
Paying only the minimum21 years 6 months$6,028 in interest$9,028 paid in total
Assumes one card at its purchase rate, with no new spending and no fees. Interest is worked out monthly, so your bank's figures will differ a little.
Reading your result
The minimum repayment amount falls as your balance falls, so paying only the minimum stretches the debt out for years. A steady amount clears it far sooner.
New purchases on the same card add to the balance you're paying down, so keep them on a different account while you clear it.