Credit Card Payoff Calculator

See how long it'll take to pay off your card, how much interest you'll pay, and how much faster you'd finish by paying a little extra. Free, no signup.

Current balance

Interest rate (APR)

Monthly payment

If you paid extra each month (optional)

—

to pay it off

Why the minimum keeps you stuck

Credit cards charge interest on your balance every month. When your payment is small, most of it goes to interest and barely touches what you actually owe — so the balance drops slowly and the interest keeps adding up.

Paying more than the minimum — even a little — can cut months or years off, and save real money in interest.
The higher your APR, the more a small extra payment helps.
If your payment barely covers the monthly interest, the balance will never go down. The calculator warns you when that happens.
Lowering your balance also lowers your credit utilization, which can help your score.

This tool is educational and shows math only, using a fixed payment and rate. Your real card may have a variable APR, fees, or a different minimum. It does not pull your credit or guarantee any outcome.

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Subefy is a financial education and credit-building platform — not a credit repair organization promising results, a lender, or a credit bureau. Tools and content are for general information and are not financial, legal, or tax advice.