Estimated time to payoff
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Payoff timeline
Example calculation
Payoff plan
Calculating payoff plan...
Total interest paid
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Total amount paid
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Principal plus interest
Monthly payment
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Selected plan
CARD Act Minimum Payment Warning
Federal law requires credit card statements to show the cost of paying only minimums versus paying off in 3 years (36 months).
| Plan Option | Monthly Payment | Payoff Time | Total Interest | Total Paid |
|---|---|---|---|---|
| Only Minimum Payments | -- | -- | -- | -- |
| CARD Act 3-Year Plan | -- | 36 months (3.0 yrs) | -- | -- |
| Your Selected Plan | -- | -- | -- | -- |
Accelerate your payoff
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How this estimates
Credit card issuers calculate minimum payments as a percentage of your statement balance plus accrued finance charges. Because your minimum payment decreases as your balance falls, paying only the minimum stretches repayment over decades and significantly inflates interest costs.
Under the federal CARD Act of 2009, issuers must disclose an accelerated 36-month repayment schedule. Even small, fixed payments that remain steady rather than shrinking with the balance can cut years off your timeline.
Disclaimer: A planning estimate based on your inputs and the assumptions shown. Actual costs and eligibility may differ. Not an offer of credit, pre-approval, or financial advice. Terms and grace periods vary by issuer.