Debt
Credit Card Interest Calculator
See your payoff timeline and the total interest you'll pay at your current payment.
Payoff projection
2y 11m
Payoff time
- Total interest
- $1,742.16
- Total paid
- $6,742.16
- Monthly payment
- $200.00
- APR
- 22.99%
Frequently asked questions
How is credit card interest calculated?+
We compound the APR monthly on the remaining balance, subtract your payment, and repeat until paid off.
What happens if my payment is too low?+
If your monthly payment doesn't cover the interest, the balance never decreases — the calculator will warn you.
How can I pay off faster?+
Increase the monthly payment or transfer to a lower-APR card. Even small increases dramatically reduce total interest.