Credit Card Payoff Calculator
Enter your credit card balance and APR to see how much faster fixed payments eliminate your debt compared to minimum payments. Canadian credit cards typically charge 19.99%–22.99% APR on outstanding balances.
01 —INPUTS
Credit Card Details
02 —RESULTS
Payoff Comparison
Minimum Payments
~$100/mo (2% of balance)
600 months (50 yrs)
Total interest: $21,580
Total paid: $26,580
Fixed Payment
$300/mo
20 months (1.67 yrs)
Total interest: $906
Total paid: $5,906
You save $20,674 in interest and pay off 580 months earlier by making fixed payments of $300/mo instead of minimum payments.