Why does it say never?
Your payment is not covering the interest added each month, so the balance cannot fall. Raise the payment.
Credit Card Payoff Calculator
When your card is paid off.
Paid off in
Enter your numbersHow it’s calculated
- Interest this month = balance × APR ÷ 12
- New balance = balance + interest − payment
- Repeat until the balance reaches zero
Example: A $6,000 balance at 22% APR, paying $200 a month, clears in 44 months with $2,790.68 of interest.
About the Credit Card Payoff Calculator
How many months a balance takes to clear at your payment, the interest it costs, and what paying more saves.
How to use this tool
- Enter your balance.
- Enter your APR from your statement.
- Enter what you pay each month.
Frequently asked questions
Does this assume new spending?
No. It assumes you stop using the card.