Credit Card Payoff Calculator
Compare minimum payments with a fixed monthly payment
to see the time and interest it takes to clear your card.
💡
Even a small extra amount each month can cut years off your payoff.
Credit Card Payoff Calculator
₹
%
%
₹
₹
Minimum payments only
Time to clear
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Total interest
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Total paid
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Fixed monthly payment
Time to clear
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Total interest
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Total paid
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Fixed payment vs minimum
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Balance (minimum payments) Balance (fixed payment)
Assumptions & method
- Monthly interest = balance × APR ÷ 12, added at the start of each month, then the payment is made (monthly compounding).
- Minimum payment each month = max(floor, % × current balance), never more than the amount owed.
- No new purchases, fees, promotional rates or changes to the APR. Projections stop at 50 years.
- All results are estimates, not guarantees. Your issuer’s statement is the final word.
Year-wise Comparison
| Year | Interest: Minimum (₹) | Balance: Minimum (₹) | Interest: Fixed (₹) | Balance: Fixed (₹) |
|---|
What is a credit card payoff plan?
A payoff plan is the monthly amount you commit to repaying on a card balance so that it reaches zero by a predictable date. Card issuers usually set a minimum that shrinks with the balance, which keeps the account open for a long time. This calculator runs both strategies on the same balance and rate so you can see the difference in months and in interest. The key number to watch is the monthly interest: any payment at or below it will not reduce what you owe.
Minimum vs fixed payment, side by side
Warns when a payment does not cover interest
Year-wise balance and interest table
Assumptions shown openly
Estimates only, not a statement