Personal finance

Credit Card Payoff Calculator

Estimate repayment time and interest for a credit card balance using a fixed monthly payment.

Estimate before you enquire

Change the numbers to compare repayments, total interest and the impact of a deposit, residual or repayment frequency.

Your estimate will appear here.

Enter your loan details and press calculate to view repayment and interest estimates.

Estimated repayment $0 per month
Amount financed$0
Total interest$0
Total repaid$0
Residual or balloon$0
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Credit card interest, fees, cash advance rules and minimum repayments vary by issuer. This estimate assumes no new spending.

Paying down card debt

This calculator assumes you stop spending on the card and make a fixed payment each month. Increasing the repayment can significantly reduce interest and repayment time.

If your repayment is too low to cover monthly interest, the balance may not reduce. In that situation, consider speaking with your lender or a financial counsellor.