Payoff time by monthly payment
| Payment | Time to pay off | Total interest |
|---|---|---|
| $100 | 137 months | $8,678 |
| $150 | 52 months | $2,798 |
| $200 | 34 months | $1,750 |
| $300 | 21 months | $1,022 |
| $500 | 12 months | $574 |
How it's calculated
Each month interest of APR ÷ 12 is added to the balance and your payment is subtracted, until the balance reaches zero. New purchases are not included.
Questions people ask
Why does paying the minimum take so long?
Minimum payments are mostly interest, so the balance falls slowly. Paying a fixed amount above the minimum shortens the payoff dramatically.
Would a balance transfer help?
A 0% balance transfer stops interest for the promotional period, but there is usually a fee of 3% to 5% of the balance.
Reviewed by Soufyane S.. Last updated Oct 25, 2026. How we check numbers
Estimates for information only, not tax, legal or financial advice. Check with an adviser or the official tax authority.