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Credit card repayment calculator

Wondering how long it'll take to pay off your credit card? You can use our credit card repayment calculator to work out how long it might take to clear your balance.

Just enter your current balance and your card's interest rate. Then slide left or right to estimate how much time and money you could save when you pay more than the minimum each month.

£
%

Monthly repayment (slide to adjust the amount)

£20
Pay your card off in0 years, 0 months
Interest will cost£0

Figures are estimated and compared to making the minimum payment each month.

If your monthly repayment is

£20

you'll pay off your current balance

0 years, 0 months faster

and you'll also end up

saving nothing

Things to know when using the credit card calculator

This credit card payment calculator is just a guide to help you get an estimate. The interest costs, savings and pay-off times you see are based on the current balance and the interest rate you enter. We've estimated them based on this balance, with interest rounded up to the nearest pound (£).

To give you these results when you use the credit card calculator, we've made some assumptions too:

  • You make no new transactions or balance transfers.
  • You've entered the correct interest rate for your card.
  • In this example, your minimum payment is calculated as 1% of the current card balance entered plus interest, or £5, whichever is higher. We don't include default fees here. Some customers' minimum payments are higher than 1%, so real pay-off times and interest costs would change from those shown.
  • You make your monthly repayments on time every month.
  • You don't incur fees in future (for example by missing payments, or going overlimit).
  • Your card's terms and conditions don't change.

How to manage your credit card

  • Repay more: If you can afford to repay more than the minimum on your credit card, you'll pay off the balance faster and reduce the risk of falling into persistent debt. Use the credit card repayment calculator to work out how much more you could pay off each month.
  • Pay on time: If you miss a payment, you may have to pay late payment fees and it could affect your APR. You might also see an impact on your account, credit score and credit report.
  • Automatically pay: You can set up a Direct Debit easily in the app, so that you’re less likely to miss a payment.

Worried about money?

Whatever challenges you're facing, it helps to understand your options.

Get help and advice

Credit card calculator FAQs