Credit card payoff calculator
The bigger your monthly payment, the less of it goes to interest. See how long your balance takes to clear and what each extra dollar saves.
Reviewed by Alex Thomas · Updated Nov 5, 2026
Paying $200.00 a month, you'll clear $5,000 in 36 months and pay $2,135.16 in interest.
Time to pay off
36 months
Total interest$2,135.16
Total paid$7,135.16
Monthly payment to be debt-free in
12 months$475.20
24 months$266.84
36 months$198.78
Assumes no new purchases and the same APR. Interest is estimated monthly; issuers often charge it daily, so real totals run a little higher.
Ask members who've been there
Questions
How long will it take to pay off my credit card?
It depends on the balance, the APR and your payment. Your statement also shows how long paying only the minimum would take, and the payment that clears it in 36 months.
Is it better to pay more than the minimum?
Yes. Anything above the minimum goes straight to the balance, so you pay off sooner and pay less interest. The minimum is mostly interest.
Should I stop using the card while paying it off?
It helps. New purchases add to the balance and, if you carry a balance, usually start charging interest right away because you lose the grace period.
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