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Credit Card Payoff Calculator to Calculate Payment Needed to Achieve Goal

Calculator Preferences
Credit Card Payoff Calculator Sign
Credit Card Payoff Calculator

This calculator will calculate how many months it will take to pay off a single credit card given the payment amount you can afford -- with or without future charges and annual fees. Or, the calculator can also tell you how much your payment will need to be to pay off the balance within a certain number of months. Also includes the total interest you will pay, and a printer friendly payoff chart.

Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Balance:Balance owed:Current balance owed:Current balance owed:

Current balance owed:

Enter the current balance on your credit card. Enter as a dollar amount, but without the dollar sign and any commas. If you have added any new charges to your card since your last statement, be sure to include those as well.

APR %:Annual rate %:Annual percentage rate:Annual percentage rate:

Annual percentage rate:

Enter the annual interest rate you are being charged on the credit card. Enter as a percentage, but without the percent sign (for .1799 or 17.99%, enter 17.99).

Annual fee:Annual fee:Annual fee, if any:Annual fee, if applicable:

Annual fee:

If the card charges an annual fee, enter the annual dollar amount. Enter as a dollar amount, but without the dollar sign and any commas. The calculator will add 1/12th of this amount on top of the monthly payment amount needed to pay off the card.

Monthly chgs:Monthly charges:Future monthly charges:Future monthly charges:

Future monthly charges:

If you will be charging to the card while you are paying off the balance, enter the average amount you expect to charge each month. Enter as a dollar amount, but without the dollar sign and any commas. The calculator will add this amount on top of the monthly payment amount needed to pay off the card.

Future pmt:Future payment:Future monthly payment:Future monthly payment:

Future monthly payment:

If you want to see how many months it will take to pay off the card at a given payment amount, enter the payment amount here. Enter as a dollar amount, but without the dollar sign and any commas.

Otherwise, leave this field blank and enter the number of months on the next line.

Or, months:Or, # months:Or, # of months to pay off:Or, number of months to pay off:

Months to pay off:

If you want to see what the payment would need to be in order to pay off the card within a specified number of months, enter the number of months here. Otherwise, leave this field blank and enter the payment amount on the line above this one.

Next pmt:Next payment:Next payment is due:Next payment is due:

Month and year next payment is due:

Select the month and enter the 4-digit year of the next payment due date.

Payment:Monthly payment:Monthly payment to achieve payoff goal:Monthly payment to achieve payoff goal:

Monthly payment to achieve payoff goal:

This is the total monthly payment used in the payoff calculations. Note that this figure includes 1/12th of the annual fee (if applicable) as well as the future monthly charges (if entered).

Months:Months to payoff:Months till balance reaches zero:Number of months till balance reaches zero:

Number of months till balance reaches zero:

Based on your entries and on the above payment amount, this is the number of months it will take to pay off the card.

Interest:Interest cost:Total interest cost:Total interest cost:

Total interest cost:

This is how much interest you will pay on the card between now and when you achieve a zero balance.

If you would like to save the current entries to the secure online database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated


Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.



Add or remove this page to/from my favorites.

Adjust Calculator Width:

Move the slider to left and right to adjust the calculator width. Note that the Help and Tools panel will be hidden when the calculator is too wide to fit both on the screen. Moving the slider to the left will bring the instructions and tools panel back into view.

Also note that some calculators will reformat to accommodate the screen size as you make the calculator wider or narrower. If the calculator is narrow, columns of entry rows will be converted to a vertical entry form, whereas a wider calculator will display columns of entry rows, and the entry fields will be smaller in size ... since they will not need to be "thumb friendly".

Show/Hide Popup Keypads:

Select Show or Hide to show or hide the popup keypad icons located next to numeric entry fields. These are generally only needed for mobile devices that don't have decimal points in their numeric keypads. So if you are on a desktop, you may find the calculator to be more user-friendly and less cluttered without them.

Stick/Unstick Tools:

Select Stick or Unstick to stick or unstick the help and tools panel. Selecting "Stick" will keep the panel in view while scrolling the calculator vertically. If you find that annoying, select "Unstick" to keep the panel in a stationary position.

If the tools panel becomes "Unstuck" on its own, try clicking "Unstick" and then "Stick" to re-stick the panel.