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One revolving balance

Credit Card Payoff Calculator

Months and interest to pay off one credit-card balance at a stated monthly payment, or the payment needed for a target payoff time.

Your numbers

Credit card payoff

One revolving balance. For several debts, use Debt Payoff.
$
%
$

Months to payoff

44$2,091.41 interest
Monthly payment$150.00
Total interest$2,091.41
Total paid$6,591.41
How we got this
  1. Monthly payment$150.00
  2. Months to payoff44
  3. Total interest$2,091.41
What we assumed
  • This is a single revolving balance with a constant monthly payment and a nominal monthly rate of APR ÷ 12.
  • Issuer compounding, grace periods, fees, and penalty APRs are not modeled.
  • If the payment is at or below the first month’s interest, the balance does not pay down.
  • For several debts and payoff order, use the Debt Payoff Calculator.
Technical details

Method credit-card-payoff-v1.0.0Data Manual inputs / fixed rules

Guide

Paying off one revolving credit-card balance

CostAnswer editorialIndependent calculator publisher

The page models a single balance at a stated APR and a fixed monthly payment, or the payment needed to hit a target payoff time. It is not a minimum-payment forecast from a card issuer.

Interest is charged on the revolving balance

Each month, interest accrues on the remaining balance, then your payment is applied. If the payment does not cover interest, the balance grows and the page will say so. Multiple cards belong on the debt-payoff calculator.

Questions about this calculator

How long to pay off a credit card at $200 a month?

Type the balance, APR, and $200. The page prints months and total interest. A 0% promo rate is only valid if you type 0 and the promo actually applies.

Does this use my card’s minimum payment formula?

No. You choose a fixed payment. Issuer minimums often shrink with the balance, which lengthens payoff. That formula is not in this engine.

Terms used here

APR
Annual percentage rate. Monthly interest uses APR/12 on this page.
Revolving credit
A balance that can persist and accrue interest until paid. Not an installment loan.

Practical tips

  • If you keep charging, this payoff date is fiction. Model a frozen balance.
  • A 0% transfer still has a fee; add the fee to the balance if you want it in the math.

Limits and caveats

  • Not credit advice. Late fees, penalty APRs, and grace periods are omitted.

Results are for information. They are not legal, tax, medical, or financial advice. How the math is maintained · Report a wrong figure.

Engine notes

Rounding, versioning, and omissions that sit beside the guide rather than repeating it.

  • Nominal monthly rate. Each month adds APR ÷ 12 interest, then subtracts the payment. Issuer compounding, grace periods, and penalty APRs are not claimed.
  • Two modes. Enter a monthly payment to see months and interest, or enter a target payoff time to back into a required payment from the shared amortizing factor.
  • Safety cap. If the payment is at or below the first month’s interest, or the schedule would run too long, the result stops instead of looping forever.

Calculation receipt

What each number here is

This answer is arithmetic on what you enter. No outside dataset is involved, so nothing here can go out of date.

Payoff time is your balance, APR and payment. Card terms differ by issuer, so the page asks for yours rather than assuming a national rule.

Sources

Where this data comes from

Consumer Financial Protection BureauPaying more than the minimum reduces interest on a credit card.Official guidance ↗

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