Estimate how long a credit-card balance takes to pay off and how much interest the payment plan costs.
Change the inputs that matter to your decision. Optional assumptions stay collapsed until you need them.
Use the current balance, APR, and the amount you can pay each month.
At $200.00 per month, this estimate pays off $5,000.00 with $1,313.96 of interest.
Paying more than the required minimum generally reduces both the time and interest cost, but your issuer's statement terms govern the actual balance and interest calculation.
This simplified monthly estimate excludes new purchases, fees, grace periods, multiple APR balances, and issuer-specific daily interest rules.
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