Credit card balance payoff planner. Simulates fixed monthly payments or target payoff dates, calculating interest saved versus the bank minimum payment trap.
Runs entirely in your browser
Credit card debt is expensive, and the minimum payment is designed to keep you in it for years. This calculator shows the real payoff timeline: enter your balance and either a fixed monthly payment or a target payoff date, and it reveals how long clearing the balance takes and how much interest you pay — including how much you save by paying more than the minimum.
The “minimum payment trap” is the key insight it exposes. Because minimum payments are a small percentage of the balance, most of each one goes to interest, so a balance can take many years and cost more than the original amount to clear. Seeing that laid out is often the push needed to pay more aggressively.
It runs in your browser, so your figures stay private. Use it to plan a payoff, see the cost of carrying a balance, and understand exactly what paying only the minimum really means.
TechToolsHQ is an independent, reader-supported tech platform. If this free tool saved you time, solved a problem, or helped your workflow, consider supporting our work. Your support helps us keep our utilities 100% free, private, and ad-free for everyone.