PayCape Tools
Credit Card Payoff Calculator
Calculate how long it will take to pay off your credit card debt and discover strategies to become debt-free faster.
Credit Card Information
Calculate by Payment
Calculate by Time
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Payoff Results
Monthly Payment
$200.00
To pay off your balance
Payoff Time
28 months
To become debt-free
Total Interest
$1,245.67
You'll pay in interest
Total Amount
$6,245.67
Principal + Interest
Payoff Progress
0%
Start: $5,000
Paid Off: $0
Payment Strategies
Extra $50/month
Add an extra $50 to your monthly payment to accelerate payoff.
22 months
Payoff Time
$312
Interest Saved
Extra $100/month
Add an extra $100 to your monthly payment for faster results.
18 months
Payoff Time
$567
Interest Saved
Bi-weekly Payments
Make half your monthly payment every two weeks (26 payments/year).
25 months
Payoff Time
$234
Interest Saved
Debt Payoff Tips
Stop Using the Card
Avoid adding new charges while paying off your balance to prevent increasing your debt.
Pay More Than Minimum
Even small extra payments can significantly reduce your payoff time and interest costs.
Consider Balance Transfer
A 0% APR balance transfer card can help you save on interest during the promotional period.
Create a Budget
Track your expenses to find extra money that can be applied to your credit card payments.