Credit Card Payoff Calculator
Break free from debt. visualizes the massive difference between paying the minimum vs. a fixed amount.
Credit Card Debt
See why minimum payments are dangerous.
Payoff Timeline
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The Minimum Payment Trap
Credit card issuers typically set minimum payments at a very low percentage of your balance (often just 1-2% plus interest). This is designed to keep you in debt for years—sometimes decades—while maximizing the interest you pay.
How to Get Out of Debt Faster
The most effective way to eliminate credit card debt is to pay significantly more than the minimum. As this calculator shows, even adding $50 or $100 to your monthly payment can cut years off your repayment timeline and save you thousands in interest.