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💳 Credit Card Payoff Calculator
Three modes: (1) fixed monthly payment — see months and total interest. (2) target months — see required payment. (3) minimum-only (2% of balance) — usually decades. Pick the strategy and see the cost.
Examples
$5,000 balance, 24% APR, $500/month11 months · ~$540 interest$5,000 balance, 24% APR, 2% min~30 years · ~$10,000+ interestMinimum payments are designed to maximize what the bank earns.
Frequently asked questions
Avalanche vs snowball method?
Avalanche pays highest interest rate first (saves the most money). Snowball pays smallest balance first (faster wins for motivation). Pick whichever you will stick to.
Should I get a balance transfer card?
Often yes — 0% intro APR for 15-21 months can save thousands. Watch for the 3-5% transfer fee and pay off before the intro period ends.
Does paying twice a month help?
Slightly. With daily compounding, smaller-more-frequent payments reduce average balance and thus interest. But the bigger win is paying more, not splitting.
About this calculator
Credit Card Payoff Calculator runs entirely in your browser using standard formulas. No data is sent to any server. We don't share your inputs with lenders, brokers, or anyone else — there's no funnel and no follow-up email.
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- 🚗 Auto Loan Calculator — Car payment with down payment, trade-in, sales tax, and term.
Why this calculator
vs typical free finance-calculator sites
| RichCalcs | Typical free site | |
|---|---|---|
| Price | Free | Free |
| Signup required | No | Often (for full results) |
| Ads inside the calculator | No | Yes (banner + sidebar) |
| Lead capture (email / phone) | No | Yes — sold to lenders |
| Data sent to server | No (browser-only) | Yes (analytics + tracking) |
| Amortization schedule | Full table | Often summary only |
| Bookmarkable URL per calc | Yes | Mixed |
| Loads in under 1s | Yes (static) | Often slow (ad tracking) |
| Open source | Yes | No |