How long to pay off credit card debt
Every row assumes 22% APR. “Minimum only” uses a common card formula: 1% of the balance plus that month's interest, at least $25. Tap a balance for tables at other rates and payments, or use the credit card payoff calculator.
| Balance | Minimum only: time | Minimum only: interest | Payment to be debt-free in 3 years |
|---|---|---|---|
| $1,000 | 5 yr 10 mo | $766 | $38/mo |
| $2,000 | 11 yr 7 mo | $2,600 | $76/mo |
| $3,000 | 15 yr | $4,433 | $115/mo |
| $4,000 | 17 yr 4 mo | $6,266 | $153/mo |
| $5,000 | 19 yr 2 mo | $8,100 | $191/mo |
| $6,000 | 20 yr 9 mo | $9,933 | $229/mo |
| $7,000 | 22 yr | $11,767 | $267/mo |
| $8,000 | 23 yr 1 mo | $13,600 | $306/mo |
| $9,000 | 24 yr 1 mo | $15,433 | $344/mo |
| $10,000 | 24 yr 11 mo | $17,266 | $382/mo |
| $12,000 | 26 yr 6 mo | $20,933 | $458/mo |
| $15,000 | 28 yr 4 mo | $26,433 | $573/mo |
| $20,000 | 30 yr 8 mo | $35,600 | $764/mo |
| $25,000 | 32 yr 7 mo | $44,766 | $955/mo |
| $30,000 | 34 yr 1 mo | $53,933 | $1,146/mo |
| $40,000 | 36 yr 5 mo | $72,266 | $1,528/mo |
| $50,000 | 38 yr 4 mo | $90,600 | $1,910/mo |