How long will it take to pay off my credit cards?

Why use this calculator?

Your initial instinct may be to ignore your mounting credit card debt and put off paying down purchases. But facing your debt head-on is the first, most crucial step.

Start by getting clear on how much you’ve spent and what you owe on your credit cards. Doing this will allow you to devise a plan and a budget. It will also let you decide how you want to prioritize payment of your credit card debt, either by highest interest rate or smallest balance.

This calculator can help you figure out how soon you can pay off each credit card. Making additional monthly payments on your credit cards can help you pay off your debts even faster and save thousands in interest.

Avoid any spending on your credit cards while you’re paying them off. Otherwise, it can lead to more debt and confusion about the progress you’re actually making on paying your cards off.