{
  "slug": "credit-card-payoff",
  "title": "Credit Card Payoff Calculator",
  "heading": "Credit Card Payoff Calculator",
  "category": "financial",
  "url": "https://www.revenuelab.fyi/toolbox/credit-card-payoff",
  "summary": "How long to pay off a balance — and total interest.",
  "description": "Compute months to payoff and total interest paid for a credit card balance at a fixed monthly payment.",
  "formula": null,
  "dateModified": "2026-10-03",
  "run_url": "https://www.revenuelab.fyi/api/public/calc?tool=credit-card-payoff",
  "inputs": [
    {
      "id": "balance",
      "label": "Current balance",
      "kind": "number",
      "hint": null,
      "default": 5000,
      "unit": "$",
      "min": 0,
      "max": null
    },
    {
      "id": "apr",
      "label": "APR",
      "kind": "number",
      "hint": null,
      "default": 22,
      "unit": "%",
      "min": 0,
      "max": null
    },
    {
      "id": "payment",
      "label": "Monthly payment",
      "kind": "number",
      "hint": null,
      "default": 200,
      "unit": "$",
      "min": 1,
      "max": null
    }
  ],
  "outputs": [
    {
      "id": "months",
      "label": "Months to payoff",
      "format": "number",
      "hint": null,
      "primary": true
    },
    {
      "id": "totalInterest",
      "label": "Total interest",
      "format": "currency",
      "hint": null,
      "primary": false
    },
    {
      "id": "totalPaid",
      "label": "Total paid",
      "format": "currency",
      "hint": null,
      "primary": false
    }
  ],
  "worked_example": {
    "inputs": [
      "Current balance: 5000 $",
      "APR: 22 %",
      "Monthly payment: 200 $"
    ],
    "outputs": [
      "Months to payoff: 34",
      "Total interest: $1,800.00",
      "Total paid: $6,800.00"
    ]
  },
  "how_to": {
    "title": "How to use this",
    "steps": [
      "Enter current balance ($).",
      "Enter apr (%).",
      "Enter monthly payment ($).",
      "Read your months to payoff on the right — it updates as you type.",
      "Hit Share to keep the scenario or send it to someone."
    ]
  },
  "scenarios": [
    {
      "name": "Conservative",
      "description": "Lower-end numbers — what if things land soft?",
      "values": {
        "balance": 3000,
        "apr": 22,
        "payment": 120
      }
    },
    {
      "name": "Typical",
      "description": "Defaults — the most common real-world setup.",
      "values": {
        "balance": 5000,
        "apr": 22,
        "payment": 200
      }
    },
    {
      "name": "Ambitious",
      "description": "Higher-end numbers — what if things really pop?",
      "values": {
        "balance": 8000,
        "apr": 22,
        "payment": 320
      }
    }
  ],
  "limitations": [
    "Results are estimates before tax, fees, and inflation unless an input explicitly covers them.",
    "Rates are treated as fixed for the whole period — variable-rate products will drift from this projection.",
    "This is educational maths, not financial advice. Check anything contractual with the lender or your accountant."
  ],
  "faq": [
    {
      "q": "What if my payment is too low?",
      "a": "If the monthly payment doesn't exceed the monthly interest charge, the balance never pays off. Increase your payment."
    }
  ],
  "related": [
    "https://www.revenuelab.fyi/toolbox/loan",
    "https://www.revenuelab.fyi/toolbox/amortization"
  ],
  "license": "CC-BY-4.0",
  "citation": "RevenueLab — Credit Card Payoff Calculator (https://www.revenuelab.fyi/toolbox/credit-card-payoff)"
}