See how long minimum payments take to clear a card and the interest they cost.
How this calculator arrives at its answer
Enter your balance, APR and minimum payment terms to see the payoff time and total interest. Paying above the minimum shortens it dramatically.
A worked example
The calculator opens with a balance of 5,000. On those figures the payoff time is 968. Underneath, Total interest comes out at $43,419.49 and Total paid at $48,419.49. Change any field and every figure updates as you type.
How to fill it in
- Enter your figures in the fields provided.
- The result updates as you type.
- Review the breakdown below the main number.
The calculation
each month: interest = balance × APR ÷ 12; payment = max(balance × min%, floor)
Common questions
Why do minimums take so long?
They shrink as the balance falls, so less goes to principal over time.
How do I pay off faster?
Pay a fixed amount above the minimum and avoid new charges.