36-month payment
$309
The fixed monthly payment needed to repay the current balance in three years with no new purchases.
Finance calculator
Credit Card Payoff Calculator
Estimate how long it will take to pay off a credit card balance, how much interest you may pay, and what fixed monthly payment would clear the balance in 36 months.
36-month total cost
$11,133
Total amount paid over thirty-six months under the same fixed-APR assumption.
Current balance
$8,000
Starting balance used for the payoff schedule.
APR
22.90%
Enter the annual percentage rate shown on the balance you want to model.
Payoff schedule
Review the month-by-month payoff path under the same APR and payment assumptions shown above.
Scope note
This calculator assumes a single fixed APR, no new purchases, and the same payment every month. CFPB explains that many card issuers actually calculate interest daily using an average daily balance, so your statement balance can move a little differently from this simplified schedule.
What this page is based on
CFPB says card issuers are required to tell consumers how long it will take to repay the current balance if they make no further charges and pay only the minimum, and also how much they would need to pay each month to repay the current balance in 36 months. This page uses that same no-new-purchases planning frame.
Official references checked on April 10, 2026: CFPB 36-month repayment disclosure explainer, CFPB credit card interest explainer, and CFPB Regulation Z repayment disclosures.
What this calculator does not do
It does not reproduce an issuer's exact statement engine. Different cards can have promotional rates, separate APR buckets, fees, and daily-balance interest methods. This page keeps one APR, one balance, and one recurring payment so the estimate stays understandable and defensible.
Frequently asked questions
What does the 36-month payment mean?
CFPB rules require card issuers to show how much a consumer would need to pay each month to repay the current statement balance in 36 months, assuming no new purchases. This page mirrors that planning idea with a single-APR payoff model.
Why does this calculator ask for my payment instead of estimating the minimum payment?
Minimum payment formulas vary by issuer, so using the actual payment from your statement is more defensible than pretending there is one universal minimum-payment rule.
Why might my statement payoff differ from this result?
CFPB explains that many issuers calculate interest daily using the average daily balance. This page uses a fixed monthly APR model, so it is a planning estimate rather than a statement replica.
Does this assume I stop using the card?
Yes. CFPB repayment disclosures are based on the current balance and do not take future purchases into account. This calculator follows the same no-new-purchases assumption.
More finance tools
All finance tools →Salary Calculator
PAYEstimate salary after tax, take-home pay, and employer cost across major countries.
UAE Salary Calculator
AEDCalculate monthly UAE net salary from basic salary, allowances, overtime, and deductions.
UAE Gratuity Calculator
EOSEstimate UAE end-of-service gratuity from monthly basic salary, contract dates, and unpaid leave.
UAE Visa Cost Calculator
VISAEstimate total UAE visa fees including government charges, medical, Emirates ID, and typing centre costs.
Mortgage Calculator
MTGCalculate monthly home loan payments with down payment, property tax, and insurance.
DTI Calculator
DTICalculate debt-to-income ratio from gross monthly income and recurring monthly debt payments using the CFPB definition.