How do I pay off credit card debt faster?

Pay as much above the minimum as possible. Even doubling your minimum payment can cut payoff time and interest by 50%+. Consider the avalanche method (highest APR first) or debt consolidation.

What is a credit card APR?

APR (Annual Percentage Rate) is the yearly cost of carrying a balance. Most credit cards charge 18-29% APR. The monthly rate is APR / 12.

Why are minimum payments so dangerous?

Minimum payments (usually 1-3% of balance) barely cover interest. A $5,000 balance at 22% APR with 2% minimum payments takes over 30 years to pay off and costs over $12,000 in interest — more than double the original balance.

What is the avalanche vs. snowball payoff method?

Avalanche: pay minimums on all cards, throw extra money at the highest-interest card first — saves the most total interest. Snowball: pay minimums on all cards, attack the smallest balance first — builds momentum from quick wins. Studies show snowball users complete payoff more often; avalanche saves more money. Use whichever keeps you motivated enough to actually follow through.

How much does paying only the minimum really cost?

On a $5,000 balance at 20% APR with a 2% minimum payment: it takes over 22 years to pay off and costs more than $8,000 in interest — more than the original debt. Paying $250/month instead clears it in under 3 years for about $1,300 in interest. Minimum payments are one of the most expensive financial habits possible.

Calculateur de Remboursement Carte Bancaire

Calculez combien de temps pour rembourser votre carte et les intérêts payés.

Solde Actuel

Taux Annuel Effectif (TAE)

Paiement Mensuel

Paiement minimum %

Durée de Remboursement

2 ans 10 mois

Votre paiement$200.00/mo

Intérêt Total$1,749.88

Total Payé$6,749.88

Paiement minimum uniquement80 ans 8 mois

Intérêts avec paiement minimum$43,419.49

Capital

Intérêt Total

Année-by-Année (5 years)

Intérêts économisés$41,669.61

Temps économisé934 mois

Année 1$3,560.57 remaining ($1,439.43 principal, $960.57 interest)

Année 2$1,770.49 remaining ($1,790.08 principal, $609.92 interest)

Année 3$0.00 remaining ($1,770.49 principal, $179.39 interest)

Paying $200.00/month, you'll pay off $5,000.00 in 2 ans 10 mois with $1,749.88 interest. If you only made minimum payments (2.00%), it would take 80 ans 8 mois and cost $43,419.49 in interest — you save $41,669.61 by paying $200.00/month instead.

Analyse hypothétique

Taux Annuel Effectif (TAE)2 ans 10 mois

Paiement minimum %2 ans 10 mois

Paying off a 24% credit card is a guaranteed 24% return — no investment can reliably match that.

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Loan Payment Calculator

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À propos de cette Calculatrice

Les dettes de carte bancaire sont coûteuses. Avec des taux souvent supérieurs à 15 %, même des soldes modérés peuvent prendre des années à rembourser en ne payant que le minimum.

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Questions Fréquentes

Comment rembourser plus vite ?

Payez autant que possible au-delà du minimum. Même doubler le minimum peut réduire le délai et les intérêts de plus de 50 %.

Qu'est-ce que le TAEG ?

Le Taux Annuel Effectif Global est le coût annuel d'un crédit. Le taux mensuel est le TAEG divisé par 12.

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For informational purposes only. Calculator results are estimates based on the inputs you provide. This is not financial, investment, tax, or legal advice. Consult a qualified financial professional before making major financial decisions.