Loans
Credit Card Payoff Calculator
How long to clear your card — and the interest cost.
How to use this
Card interest (36–42% a year) compounds monthly. Paying only the minimum can take decades. Enter your real payment to see the true payoff time — anything above the monthly interest steadily clears the balance.
Time to clear
2y 7m
Total interest₹54.99K
Total paid₹1.55L
Paying ₹5,000/month clears ₹1,00,000 in 31 months, costing ₹54,995 in interest.
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Frequently asked
Why does my card debt barely reduce?
At 36–42% APR, most of a small payment goes to interest. Always pay more than the monthly interest, and ideally clear the full bill each cycle.
Is the Credit Card Payoff Calculator free to use?
Yes — every Arthly calculator is free, with no sign-up or app install required.
How accurate is the Credit Card Payoff Calculator?
It uses standard financial formulas and current FY 2025-26 rates. Results are estimates to help you plan, not personalised financial advice — confirm details with your bank, fund or the relevant department.