Credit Card Payoff Calculator

Find out how long it will take to pay off your credit card balance.

Credit Card Payoff Calculation

Enter your current balance, interest rate, and monthly payment to estimate payoff time.

Formula Used:

The number of months to pay off the balance is calculated using:

N = (log(M) - log(M - B × r)) / log(1 + r)

  • N = Number of months to pay off the debt
  • B = Initial balance
  • r = Monthly interest rate (APR / 12 / 100)
  • M = Monthly payment