Credit Card Payoff Calculator
Pay a fixed amount each month, or choose a payoff month and see the payment it takes. A typical minimum is shown beside it.
Payoff
June 2030
$150.00 a month pays the card off in 45 months.
- Total interest
- $2,243.25
- Months
- 45
- Typical minimum, first month
- $130.88
- Minimum-only interest
- $7,499.37
- Minimum-only months
- 222
The minimum here is the greater of 1% of the balance plus that month's interest, or $25. It falls as the balance falls. A card issuer can use a different rule.
The guide includes a debt payoff plan for card balances.
Smart Money HabitsShow month-by-month scheduleHide month-by-month schedule
Month-by-month schedule
Swipe sideways to see every column. Amounts are rounded to the cent.
| Month | Date | Payment | Interest | Principal | Balance |
|---|---|---|---|---|---|
| 1 | Oct 2026 | $150.00 | $85.87 | $64.13 | $4,435.88 |
| 2 | Nov 2026 | $150.00 | $84.65 | $65.35 | $4,370.53 |
| 3 | Dec 2026 | $150.00 | $83.40 | $66.60 | $4,303.93 |
| 4 | Jan 2027 | $150.00 | $82.13 | $67.87 | $4,236.06 |
| 5 | Feb 2027 | $150.00 | $80.84 | $69.16 | $4,166.90 |
| 6 | Mar 2027 | $150.00 | $79.52 | $70.48 | $4,096.42 |
| 7 | Apr 2027 | $150.00 | $78.17 | $71.83 | $4,024.59 |
| 8 | May 2027 | $150.00 | $76.80 | $73.20 | $3,951.40 |
| 9 | Jun 2027 | $150.00 | $75.41 | $74.59 | $3,876.80 |
| 10 | Jul 2027 | $150.00 | $73.98 | $76.02 | $3,800.78 |
| 11 | Aug 2027 | $150.00 | $72.53 | $77.47 | $3,723.32 |
| 12 | Sep 2027 | $150.00 | $71.05 | $78.95 | $3,644.37 |
| 13 | Oct 2027 | $150.00 | $69.55 | $80.45 | $3,563.92 |
| 14 | Nov 2027 | $150.00 | $68.01 | $81.99 | $3,481.93 |
| 15 | Dec 2027 | $150.00 | $66.45 | $83.55 | $3,398.37 |
| 16 | Jan 2028 | $150.00 | $64.85 | $85.15 | $3,313.23 |
| 17 | Feb 2028 | $150.00 | $63.23 | $86.77 | $3,226.45 |
| 18 | Mar 2028 | $150.00 | $61.57 | $88.43 | $3,138.03 |
| 19 | Apr 2028 | $150.00 | $59.88 | $90.12 | $3,047.91 |
| 20 | May 2028 | $150.00 | $58.16 | $91.84 | $2,956.07 |
| 21 | Jun 2028 | $150.00 | $56.41 | $93.59 | $2,862.49 |
| 22 | Jul 2028 | $150.00 | $54.63 | $95.37 | $2,767.11 |
| 23 | Aug 2028 | $150.00 | $52.81 | $97.19 | $2,669.92 |
| 24 | Sep 2028 | $150.00 | $50.95 | $99.05 | $2,570.87 |
| 25 | Oct 2028 | $150.00 | $49.06 | $100.94 | $2,469.93 |
| 26 | Nov 2028 | $150.00 | $47.13 | $102.87 | $2,367.06 |
| 27 | Dec 2028 | $150.00 | $45.17 | $104.83 | $2,262.23 |
| 28 | Jan 2029 | $150.00 | $43.17 | $106.83 | $2,155.41 |
| 29 | Feb 2029 | $150.00 | $41.13 | $108.87 | $2,046.54 |
| 30 | Mar 2029 | $150.00 | $39.05 | $110.95 | $1,935.59 |
| 31 | Apr 2029 | $150.00 | $36.94 | $113.06 | $1,822.53 |
| 32 | May 2029 | $150.00 | $34.78 | $115.22 | $1,707.31 |
| 33 | Jun 2029 | $150.00 | $32.58 | $117.42 | $1,589.89 |
| 34 | Jul 2029 | $150.00 | $30.34 | $119.66 | $1,470.23 |
| 35 | Aug 2029 | $150.00 | $28.06 | $121.94 | $1,348.29 |
| 36 | Sep 2029 | $150.00 | $25.73 | $124.27 | $1,224.02 |
| 37 | Oct 2029 | $150.00 | $23.36 | $126.64 | $1,097.38 |
| 38 | Nov 2029 | $150.00 | $20.94 | $129.06 | $968.32 |
| 39 | Dec 2029 | $150.00 | $18.48 | $131.52 | $836.80 |
| 40 | Jan 2030 | $150.00 | $15.97 | $134.03 | $702.77 |
| 41 | Feb 2030 | $150.00 | $13.41 | $136.59 | $566.18 |
| 42 | Mar 2030 | $150.00 | $10.80 | $139.20 | $426.98 |
| 43 | Apr 2030 | $150.00 | $8.15 | $141.85 | $285.13 |
| 44 | May 2030 | $150.00 | $5.44 | $144.56 | $140.57 |
| 45 | Jun 2030 | $143.25 | $2.68 | $140.57 | $0.00 |
How it's calculated
Each month adds interest at one twelfth of the APR, then subtracts your payment. A fixed payment stays the same until the last month, which is only what is left. A target date uses the payment that clears the balance in the months from the first payment through the month you choose. Interest stays at full precision until it is shown to the cent.
A typical minimum
The comparison pays the greater of 1% of that month's balance plus the interest, or $25, and never more than the payoff amount. The minimum gets smaller as the balance falls. If your own payment is at or below the interest, the balance can grow and the plan stops at 50 years.
Reviewed by WH2L Digital. Last reviewed October 31, 2026.
Questions
How is a typical minimum payment estimated?
Each month the estimate uses the greater of 1% of the remaining balance plus that month's interest, or $25. It is never more than the amount that would pay the balance off. A card issuer's own minimum can differ.
What if my payment does not cover the interest?
The balance can grow. The plan warns you, keeps running, and stops at 50 years if the balance is still there. A payment above the interest reduces the balance.
How is the payment for a target date calculated?
The payment is the fixed amount that pays the balance off in the months from the first payment through the month you choose. A higher rate or a shorter window raises that payment.
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Educational estimates only, not financial advice.