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Credit Card Paydown Calculator

Enter your balance, rate, and payment to see your payoff date and total interest, side by side with what happens if you only pay the minimum. Then compare a 0% balance transfer below.

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%
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Heads up:
Payoff date at your payment
—
Total interest at your payment
$0
vs. the minimum-payment baseline below
Your plan vs. minimum payment only
First minimum payment (1% of balance + interest)$0/mo
Payoff time at the minimum—
Total interest at the minimum$0
Interest you save with your plan$0
New to credit cards? Read the beginner's guide to using cards as a tool instead of a trap.
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The balance transfer comparison assumes a fixed payment, no new charges, and no penalty APR, and it applies the post-promo rate to whatever is left when the promo ends. The minimum payment is recalculated each month as 1% of the balance plus that month's interest, at least $25, a common card-agreement formula. Your actual card's minimum payment terms may differ — check your statement. This calculator is for educational purposes only and does not constitute financial, investment, or tax advice. Consult a licensed financial advisor or CPA about your specific situation.