Credit card payoff calculator

A credit card is usually the most expensive debt you have. Paying only the minimum stretches it out for years and piles on interest.

Enter the balance, the APR and what you can pay each month. We show when you will be done, the interest you pay and the plan month by month.

How it's calculated

Each month, interest is added: balance × APR ÷ 12.
Then the payment is taken off. With the minimum, the payment is a percentage of what you owe, with a floor.
This repeats until the balance reaches zero. If the payment is not more than the interest, the debt never goes down.

An example

A balance of BTN 150,000 at 22% APR, paying BTN 8,000 a month, is paid off in 24 months with BTN 35,493 in interest.

Paying only a 3% minimum takes 118 months and the interest rises to BTN 162,291.16.

Frequently asked questions

What happens if I only pay the minimum?

The minimum shrinks as the balance shrinks, so you pay less each month and the debt drags on for years. If you can, pay a higher fixed amount, even a little more.

Should I move the balance to a personal loan?

If the loan rate is well below the card's APR, it usually pays off. Compare the total interest of both options, fees included.

Which card should I pay off first?

Pay the minimum on all of them and put the rest on the one with the highest APR. That way you pay the least interest overall.

Key terms

Minimum payment: The least you can pay in a month without a late fee. It does not clear the debt.
APR: The annual rate the card charges on the balance you carry.

The same calculation in other countries

Up-to-date official data

We check the official sources automatically, every day.

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