Use this before chasing rewards
Cashback rewards rarely beat high credit card interest. If you carry a balance, payoff planning usually matters more than maximizing points.
💳 Money tool
Credit Card Payoff Calculator
Estimate payoff time, total interest, and the effect of increasing your monthly payment. Educational only — not financial advice.
Browser-only This tool runs locally in your browser. Do not enter full account numbers, SSNs, or private tax identifiers.
Calculate payoff time
Educational estimate: Actual payoff depends on issuer rules, new purchases, fees, compounding, minimum payment formulas, and payment timing.
Common next steps
- Stop new purchases on high-APR cards.
- Automate more than the minimum payment.
- Check balance transfer fees and intro APR end dates carefully.
- Review cashback cards only after balances are controlled.
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FAQ
Is this financial advice?
No. It is an educational calculator. Review card terms or speak with a qualified financial professional for personal advice.
Why is my payment too low?
If the monthly payment is less than monthly interest, the balance can grow instead of falling.
Should I get a cashback card while carrying debt?
Usually focus on reducing high-APR debt first. Cashback rarely offsets interest on revolving balances.