How much is your credit card really costing you?
Find your total interest, payoff time, estimated daily interest and full monthly breakdown.
Calculate Now
Avalanche method
Pay the highest APR card first to reduce total interest.
Balance transfer
A 0% intro APR can help if you pay before the intro period ends.
Negotiate your APR
Call your issuer and ask for a lower rate.
Stop new charges
Payoff becomes much harder if new charges continue every month.
| Month | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| Calculate first to see the full monthly breakdown. | ||||
How does credit card interest work?
Credit card APR is commonly converted into a daily or monthly rate. This calculator estimates payoff using monthly compounding for a clear amortization schedule.
What happens if I only pay the minimum?
Minimum payments can keep you in debt for years because a large part of each payment goes to interest instead of principal.
How can I pay off my credit card faster?
Increase the monthly payment, avoid new charges, negotiate your APR, or consider a balance transfer if the fees make sense.
What is APR?
APR means annual percentage rate. It is the yearly cost of borrowing before certain compounding effects and fees.