💳 Credit Card Payoff Calculator – Pay Off Debt Smarter & Faster

Struggling with credit card debt? You’re not alone. With high interest rates and minimum payments, debt can spiral quickly. The Credit Card Payoff Calculator by EarnApki helps you take control by showing how long it will take to become debt-free—and how much interest you’ll pay.

🧮 What Is a Credit Card Payoff Calculator?

A credit card payoff calculators helps you plan your payments by calculating:

Total interest you’ll pay
Number of months to pay off
Payoff date
Savings by increasing your monthly payment

This tool is essential for:

Budget planning
Reducing interest payments
Avoiding debt traps

🔍 How It Works

Just input:

💰 Total Credit Card Balance
📈 Annual Interest Rate (APR)
📆 Monthly Payment (or desired payoff period)

It will calculate:

Interest to be paid
Time until you’re debt-free
Better strategies (e.g., increase payment, consolidate)

📊 Example Scenario

Balance: Rs. 200,000
Interest Rate (APR): 36%
Monthly Payment: Rs. 8,000

🧾 Results:

Time to Payoff: 33 months
Total Interest Paid: Rs. 64,000
Total Paid: Rs. 264,000

If you increase payment to Rs. 10,000/month, you save Rs. 15,000 in interest!

📈 Payoff Timeline Chart

mermaidCopyEditline
  title Credit Card Payoff Over Time
  x-axis Month
  y-axis Balance Remaining (PKR)
  1 : 192000
  6 : 152000
  12 : 100000
  18 : 45000
  24 : 0

✅ Tips to Pay Off Credit Card Faster

🚫 Stop using the card
💳 Switch to a 0% balance transfer card
📈 Increase monthly payments
🧮 Use the snowball or avalanche method
🔁 Consolidate debt into a personal loan

Credit Card Payoff Calculator