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Credit Card Payoff Calculator

↻ Updated 2026

Enter your card balance, interest rate, and monthly payment to see your payoff date and total interest — and how much faster you'll finish by paying a little more each month.

Educational calculators — always consult a licensed professional before making financial decisions.

Your inputs

Card balance

Purchase interest rate

Typical Canadian card rate is 19.99–22.99%

Monthly payment

Time to pay off

2 yr 8 mo

$250/mo

Total interest

$1,849

31% of balance

Total you'll pay

$7,849

on a $6,000 balance

Balance over time2 yr 8 mo

todaypaid off

Principal vs interest

Original balance$6,000

Interest paid$1,849

Summary

Starting balance$6,000

Monthly payment$250

Months to pay off32

Total interest$1,849

Total paid$7,849

ASSUMPTIONS — Interest is charged monthly at the annual rate ÷ 12 on the remaining balance and no new purchases are added. Real cards may apply a minimum-payment floor (often the greater of a fixed dollar amount or a percentage of the balance), daily compounding, or fees. This assumes a fixed payment (or a fixed payoff term) with a constant rate.

Runs entirely in your browser — nothing you enter is sent to us.How this works

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Sources & rate references

·Standard amortization / compound-interest formulas

Rates, brackets and limits here are checked against primary sources. If a number still looks off, email support@realmoneyiq.com and we'll review and fix it.

RealMoneyIQ provides free educational calculators, not financial, tax, investment or legal advice. Results are estimates based on the assumptions you enter and publicly published rates; your actual outcome will differ. Always confirm decisions with a licensed professional who knows your full situation.