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.

信用卡还款计算器

计算还清信用卡余额所需时间及总利息。

当前余额

年利率（APR）

每月还款额

最低还款 %

还清时间

2 年 10 月

您的还款额$200.00/mo

总利息$1,749.88

总还款额$6,749.88

仅最低还款80 年 8 月

最低还款利息$43,419.49

本金

总利息

年-by-年 (5 years)

节省的利息$41,669.61

节省的时间934 月

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

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

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

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

假设分析

年利率（APR）2 年 10 月

最低还款 %2 年 10 月

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

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关于此计算器

信用卡债务成本高昂。年利率通常在15-25%，即便是适度的余额，仅支付最低还款额也可能需要数年才能还清。

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常见问题

如何更快还清信用卡？

尽可能多还超出最低还款额的部分。即使将最低还款额翻倍，也能将还款时间和利息减少50%以上。

什么是信用卡年利率？

年利率是持有余额的年度成本。月利率 = 年利率 ÷ 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.

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