Credit Card Debt Payoff Calculator: Get Debt-Free Faster

With average credit card interest rates above 24 percent, minimum payments can keep you in debt for decades and triple the amount you originally charged. Our credit card payoff calculator shows you exactly when you will be debt-free based on your balance, APR, and payment amount, then reveals how much extra payments accelerate your timeline.

The debt avalanche method targets the highest-interest card first, saving the most money mathematically, while the debt snowball method targets the smallest balance first for psychological wins. The calculator compares both strategies so you can choose the approach that keeps you motivated while minimizing interest costs.

A balance transfer to a 0 percent APR card can give you 12 to 21 months of interest-free payments, but transfer fees of 3 to 5 percent and the post-promotional rate must be factored in. Use our balance transfer calculator to see if a transfer saves you money and our credit score simulator to understand how paying off debt improves your score.