Credit card payoff calculator
The answer
Paying $200.00 a month on a $6,000.00 balance at 22.99% takes 3 yr 10 mo — around Jul 2030 — and costs $3,011.78 in interest.
Of the first $200.00, $114.95 is interest and $85.05 comes off what you owe.
- Total interest
- $3,011.78
- Total paid
- $9,011.78
An estimate from the inputs shown, not a promise of a particular date. How we calculate this.
A single card, a fixed monthly payment, and the month the balance is gone. Change any number and the answer above updates. Nothing is saved, and no account is needed.
A card feels stuck because interest is charged before your payment is applied, so part of every early payment is absorbed before a cent touches the debt. That share falls every month as the balance does.
Your card
A single card, a fixed payment. To plan several debts together, use the debt payoff calculator.
Estimated result
3 yr 10 mo
Estimated debt-free date Jul 2030
Total interest
$3,011.78Total paid
$9,011.78Assumptions
- Interest accrues once a month, before that month's payment.
- The APR stays at 22.99% for the whole term.
- No new spending, fees, penalty rate or promotional rate.
- You pay the payment above in full, on time, every month.
A 7-day free trial, then $2.99 a month. No bank login, ever.
Why the opening payment barely moves the balance
Card interest is charged on the balance you carry, month after month. Until the balance comes down, the interest charge stays roughly the same — so the share of your payment that actually reduces the debt starts small and grows.
This is also why a larger payment helps more than it looks. In the model above, everything you pay beyond the month's interest reduces the balance, and balance you have removed stops accruing interest for the rest of the term.
On a real card that is close but not automatic. Federal rules require an amount paid above your minimum to go to your highest-rate balance ahead of the others — not to whichever balance you would have chosen — and the minimum itself is allocated at your issuer's discretion. If your card carries purchases, a cash advance and a balance transfer at different rates, your statement is what shows where the money actually went.
If the payment never clears it
If your monthly payment is smaller than the interest charged that month, the balance cannot fall at all — it grows. The calculator says so plainly rather than showing a date many years out. Paying more, or moving the balance to a lower rate, is what changes that.
Sources
- Consumer Financial Protection Bureau — How does my credit card company calculate the amount of interest I owe? (tier 1)
- Consumer Financial Protection Bureau — What is a grace period for a credit card? (tier 1)
- Consumer Financial Protection Bureau — Regulation Z, 12 CFR §1026.53 — Allocation of payments (tier 1)
Our source and corrections policy explains how these are chosen.
Related
Reviewed 2026-09-17. Every figure on this page is produced by the same payoff engine the Dang! Payoff app runs, from the inputs shown, and is an estimate that holds only if the stated assumptions hold. The dates printed here were computed from a plan starting September 2026; the calculator re-anchors to the current month in your browser, so a date you read with JavaScript disabled is the one for that starting month rather than for today.
Dang! Payoff is a manual-entry debt payoff planner and tracker from Dang Apps LLC. It is not a lender, credit counselling agency, debt-relief, debt-management or debt-settlement service, and nothing here is financial, legal or tax advice or a recommendation about your situation. Your issuer’s or lender’s own terms govern your account.
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