Credit Card Payoff Calculator

A credit card payoff calculator shows how long it will take to clear a card balance and how much interest you'll pay on the way. Card interest is among the most expensive borrowing there is, so seeing the real cost of carrying a balance is often the push needed to clear it.

Work it either way: enter the payment you can manage to get the number of months, or the month you want to be debt-free by to get the payment needed. The calculator warns you if a payment is too small to ever clear the balance, and lists every month's payment, interest and remaining balance.

Each month, interest of APR ÷ 12 is added to the balance before your payment comes off. Indian cards typically charge 3–3.75% a month, 36–45% a year, so a ₹1 lakh balance adds ₹3,500 of interest in a single month at 42%.

If your payment doesn't exceed that monthly interest, the balance never falls, which the calculator flags. Paying only the minimum due, usually around 5% of the balance, stretches repayment over years. For a target date, the required payment comes from the loan EMI formula.