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Finance Calculators
Credit Card Payoff Calculator
Calculate how many months it will take to pay off a credit card balance with fixed monthly payments.
Months to pay off
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Total interest paid
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About the Credit Card Payoff Calculator
Credit cards charge compounding interest monthly on the outstanding balance. This calculator simulates paying a fixed amount each month to see how long payoff takes and how much interest accrues.
Formula: Each month, Interest = Balance × (APR ÷ 12), and Principal Paid = Payment − Interest, repeated until the balance reaches zero.
If your payment doesn't exceed the monthly interest charge, the balance will never shrink — always confirm your payment is comfortably above that minimum threshold.
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