Credit Card Repayment Calculator

How long will it take to repay your credit card

The length of time it takes to repay credit cards just with the minimum payment is frighteningly long. Use the handy credit card repayment calculator below to see just how long it will take to repay and see how much credit card interest you'll pay

Credit Card Minimum Payment Interest Calculator

This calculator will show you how much interest you will end up paying if you make only the minimum required payment on your credit card bill. It will also tell you how many minimum payments you will make before your balance is paid off (up to a maximum of 600 payments).
Enter Current Balance:
Enter Annual Interest Rate (APR):	eg 12.9
Enter Minimum Payment Percent: (Check your statement -- usually 2 or 3 percent)	eg 3
Minimum Minimum Payment: (Check your statement -- usually £5)	eg 5
Do you only ever make the minimum payment?	Select... Yes No, usually a bit more No, usually pay in full
Total Interest Charges:
Number of Monthly Payments:
Total Number of Years:

 

Credit Card Interest

It is really quite frightening how long it can take to repay credit cards. If you are struggling with even minimum repayments you must seek advice now. The sooner you act the sooner you can take control of your life again and not be held to ransom by these bits of plastic.

Our money counsellors are fully trained and know how best to tackle credit card debt and get you debt free in as soon as possible.

Did you find this credit card calculator useful? try this tool and see how much credit card interest you can save by making fixed payments instead of minimum payments

Time out!

Need a little light relief? Watch this hilarious video about credit card debt in our debt videos section. But don't forget to come back here and sort your debts out!