Credit Card Interest Calculator
Calculate credit card interest and payoff time
See how long it will take to pay off your credit card and how much interest you'll pay at your current payment rate. Understand the true cost of credit card debt.
Frequently Asked Questions
How do I use the Credit Card Interest Calculator?
Simply enter your credit card balance, interest rate, and monthly payment amount to find out how much interest you'll pay and when you'll be debt-free.
What information do I need to calculate credit card interest?
You'll need your credit card balance, the annual interest rate (APR), and the amount you're paying monthly.
Can the calculator help me find a payoff strategy?
Yes, the tool will show you how long it will take to pay off your balance with different monthly payment amounts.
Is there a way to reduce my credit card interest charges?
Yes, consider making larger payments, negotiating a lower interest rate, or transferring your balance to a card with a lower rate.
What happens if I only make minimum payments?
If you only make minimum payments, it will take much longer to pay off your debt and you'll pay significantly more in interest.