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Debt Free Date & Interest Cost
Time to Payoff
Total Cost: $6,750
Balance Over Time
Your balance against the Average US credit card balance.
You owe $1,659 less than Average US credit card balance
Benchmark: Experian — Average US credit card balance, March 2026. Your figure is your own tracked balances and never leaves your browser.
Drop in a paystub, bank statement or screenshot — the AI reads it and fills these fields for you.
Debt Payoff Tracker is where this stops being a one-off number: keep your real balances there and the projection updates itself.
Describe an invoice and the AI writes it. PDF without watermarks, free.
Credit card statements must show how long minimum-only repayment can take. This calculator turns that idea into an editable plan, while grounding the assumptions in U.S. CFPB guidance on APR and interest calculations.
Enter the purchase APR from your statement. In the U.S., if balances have different APRs, payments above the minimum are generally allocated first to the highest APR balance under 12 CFR 1026.53.
If the payment is below monthly interest, the debt grows. Increase the payment until the chart slopes down every month.
For a 0% APR or balance transfer offer, include fees and rerun the payoff before the promo expires. Deferred interest can be costly if the balance is not paid in full.
The fastest lever is simple: raise the fixed monthly payment until each month covers interest and meaningfully cuts principal.
How-to guides that use this tool