How Long to Pay Off My Credit Card?
The simplest question — with a surprisingly complicated answer. Enter three numbers and we'll tell you exactly how many months until freedom.
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Enter your numbers above.
You'll be debt-free in
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months
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Total Interest
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Total Paid
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Quick Reference: How Long to Pay Off $5,000 at 24.99% APR
| Monthly Payment | Time to Payoff | Total Interest | Total Paid |
|---|---|---|---|
| $100 | Decades+ (payment too low) | — | — |
| $150 | 58 months (4 yr 10 mo) | $3,622 | $8,622 |
| $200 | 36 months (3 yr) | $2,135 | $7,135 |
| $300 | 21 months (1 yr 9 mo) | $1,206 | $6,206 |
| $500 | 12 months (1 yr) | $666 | $5,666 |
| $1,000 | 6 months | $337 | $5,337 |
The takeaway: Doubling your payment more than halves your payoff time. The math of compound interest works against you — pay as much as you can afford.