💳 Credit Card Payoff Calculator
Calculate how long it will take to pay off credit card debt and total interest costs with different payment strategies
💳 Credit Card Payoff Calculator
Calculate how long it will take to pay off your credit card debt and how much interest you'll pay
💡 Credit Card Payoff Tips
- • Pay more than the minimum to reduce interest costs significantly
- • Consider balance transfer to a lower APR card
- • Stop using the card while paying it off
- • Pay twice monthly to reduce average daily balance
- • Focus on highest APR cards first (avalanche method)
- • Consider debt consolidation for multiple cards
How to Use
1. Enter your current credit card balance
2. Input the annual percentage rate (APR)
3. Set your planned monthly payment amount
4. Compare minimum payment vs extra payment scenarios
5. View payoff timeline and total interest costs
6. Optimize payment strategy for faster payoff
Features
✓ Payoff timeline calculation
✓ Total interest cost analysis
✓ Payment strategy comparison
✓ Minimum vs extra payment scenarios
✓ Interest savings visualization
✓ Debt elimination planning tools