Credit Card Pay Off Calculator

02-21-2025

Use this calculator to see what it will take to pay off your credit card balance, and what you can change to meet your repayment goals.

Javascript is required for this calculator. If you are using Internet Explorer, you may need to select to 'Allow Blocked Content' to view this calculator.

For more information about these these financial calculators please visit: Dinkytown Financial Calculators from KJE Computer Solutions, LLC

By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.

$203.55 a month will pay off balance in 24 months.

*indicates required.

Credit card information:

Current balance:*This entry is required.Enter an amount between $0.00 and $1,000,000.00

Interest rate (APR):*This entry is required.Enter an amount between 0% and 30%

Payoff goal (in months):*This entry is required.Enter an amount between 1 and 120

Current monthly payment:*This entry is required.Enter an amount between $0.00 and $10,000.00

Additional monthly charges:*This entry is required.Enter an amount between $0.00 and $10,000.00

Annual fee:*This entry is required.Enter an amount between $0.00 and $200.00

Planned major purchases:

$0.00

Credit Card Payoff by Month Line Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Credit Card Payoff by Month

Alternate Payoff Scenarios Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Alternate Payoff Scenarios

Definitions

Current balance

Current outstanding balance on your credit card.

Interest rate (APR)

The annual interest rate being charged for this credit card.

Payoff goal (in months)

Your goal for paying off this credit card. This is the number of months by which you would like to have completely paid off this credit card balance.

Current monthly payment

The amount you are currently paying per month on this credit card. Please enter the amount you actually pay, not the minimum payment. This amount is used to calculate how long it will take you to pay off your balance.

Additional monthly charges

Total new charges you expect to put on this credit card per month.

Annual fee

Your annual fee for this credit card, if any.

Major purchase

If you expect a major purchase beyond your normal charges, enter the amount to be spent here.

Months before purchase

Number of months before your major purchase will occur.

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Our interactive tools can assist you in your unique financial planning needs. Interactive calculators are made available as self-help tools for independent use and are not intended to provide investment or tax advice, either expressed or implied. Corebridge Retirement Services cannot and does not guarantee their applicability or accuracy in regard to individual circumstances. All examples are for illustrative purposes only. Questions regarding the information and interactive calculators should be discussed with a financial, tax and/or legal advisor. Seek personalized advice from qualified professionals regarding all personal finance issues.

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