Credit Card Payoff Calculator

Find out how many months it will take to pay off your credit card balance, and how much it costs in interest with your current monthly payment.

How to get out of credit card debt faster

Credit cards carry some of the highest interest rates of any common debt, so balances can grow quickly if you only make minimum payments. Paying more than the minimum shortens the payoff time and sharply reduces the interest you hand over.

• Pay more than the minimum whenever you can.
• Consider a 0% balance transfer to stop interest temporarily.
• Target the highest-rate card first (the "avalanche" method).
• Avoid adding new charges while you pay down the balance.