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Store card payoff calculator

Payoff date for $1,800 at 30.99%, paying $90.00/monthworked example

January 1, 2029

Time to zero
2 yr 5 mo
Total interest
$765.42
Total paid
$2,565.42
First month's interest
$46.49What the card costs you monthly right now

Paying $90.00 every month clears this balance in 2 yr 5 mo and costs $765.42 in interest on top of the $1,800 borrowed. Store cards commonly carry APRs near 30% — roughly ten points above general-purpose cards, per the CFPB's market reports — so the gap between a small and a fixed payment is measured in years. Interest is computed monthly on the declining balance; issuers compound daily, so a real statement can differ by a few dollars.

Store cards carry the highest APRs in consumer credit — around 30% is normal — and most run deferred-interest promos on top. This calculator shows the payoff date and interest at your payment, and flags when a promo end date lands before your balance clears.

How to use this calculator

  1. 1

    Use the card's real APR — it is probably higher than you think

    Retail cards commonly sit around 30%, roughly ten points above general-purpose cards. At that rate the difference between the minimum and a fixed payment is measured in years, so guessing the APR here costs more than it does elsewhere.

  2. 2

    Note the promo end date if there is one

    Enter it and the tool warns you when your payment clears the balance after the promo expires. For deferred-interest promos that date is not a soft deadline — it is when all the accrued interest can land at once.

  3. 3

    Compare against putting the same payment elsewhere

    A store card's high rate usually puts it first in an avalanche plan, and its small balance often puts it first in a snowball too. Running the multi-debt planner is worth the two minutes: this is the rare case where both methods tend to agree.

  4. 4

    Think about the limit before closing the card

    Closing it removes its limit from your utilization denominator. If you carry balances on other cards, that pushes your overall ratio up. The utilization calculator lets you model the closure before making it.

Everything you type here is computed in your browser. Nothing you enter is stored on a server, sent anywhere, or shared — there is no account, and your balances never leave your device.

Frequently asked questions

Why are store card APRs so much higher?
Retail cards are approved more loosely and priced accordingly — around 30% APRs are standard, roughly ten points above general-purpose cards, a gap the CFPB's market reports document. At those rates the payoff math is unforgiving: the difference between the minimum and a fixed payment is measured in years.
My store card has a "no interest if paid in full" promo. Does this tool handle it?
Partially. This page models ordinary payoff at the card's APR. The promo itself — silent accrual and the retroactive charge if a dollar remains at the deadline — has its own dedicated calculator here, because that math is genuinely different and deserves its own inputs.
Should I pay off the store card first?
In an avalanche order, its APR usually puts it first automatically; in a snowball, its typically-small balance often puts it first anyway. Run the planner with your real debts — store cards are the rare case where both methods tend to agree.
Is closing the store card after payoff a good idea?
Closing it removes its limit from your utilization denominator, which can raise your overall ratio if you carry balances elsewhere — the utilization calculator here lets you model exactly that before deciding. Whether the card is worth keeping open is your judgment; the ratio arithmetic is the part a tool can show.
How precise is the payoff date at these rates?
Interest accrues monthly here at APR divided by 12, rounded to cents after every step, which is the convention stated across this site. Issuers actually compound daily, and at store-card rates near 30% that gap is slightly larger in dollars than on a lower-rate card — a few dollars over the payoff, not a different month count.

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Related calculators

Deferred InterestCredit cardsCredit Card PayoffCredit cardsDebt SnowballPayoff methods

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