OomTools

Credit Card Debt Payoff Calculator

See how many months it takes to clear a credit-card balance at a fixed monthly payment, plus the total interest you'll pay. It flags when a payment is too low to make progress. Calculated in your browser.

  • 100% free
  • Private & safe
  • Runs in your browser
Read our complete guide: How Compound Interest Works: Formula, Examples & Wealth Strategies

Why use Credit Card Payoff Calculator?

Credit Card Payoff Calculator gives you accurate results instantly, with the underlying formula shown so you can trust the numbers.

  • Runs instantly in your browser — nothing to install, nothing uploaded.
  • Completely free, with no account, no watermarks and no usage limits.
  • Iterates monthly interest and payments until the balance reaches zero.
  • Enter the balance and APR.
  • Works on any device — desktop, tablet and phone — and is fully keyboard accessible.

How to use Credit Card Payoff Calculator

  1. Enter the balance and APR.
  2. Enter your monthly payment.
  3. See months, interest and total paid.
  4. Increase the payment to compare.

Examples

  • $5,000 at 19.9% paying $200/month.
  • Seeing the interest cost of minimum payments.

Formulas

  • Iterates monthly interest and payments until the balance reaches zero.

Limitations

  • Assumes no new spending and a fixed APR/payment.
  • Estimate only, not financial advice.

Frequently asked questions

Why does it say my payment is too low?

If the payment is less than one month's interest, the balance never falls — increase it.

Does it handle new purchases?

No — it assumes no new spending.

Stored?

No — local only.

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