Content section starts

Credit card re-payment calculator

Work out how long it will take to clear your credit card balance.

When can I clear my credit card balance by?

Enter your outstanding credit card balance
Enter the current interest rate associated to your outstanding balance. This could be for example Annual Purchase rate or Balance Transfer rate.

Your minimum payment varies every month and other card providers may calculate minimum payment differently.

Tell me more

Minimum Payment

Minimum monthly repayment is calculated based on the interest charged, default charges, 1/12 of your annual fee (if any) and 1% of your remaining balance (excluding any remaining part of the annual fee) OR  £5, whichever is the greater. We do not recommend that you only ever make your minimum payment.

How can I clear my credit card faster?

You can pay off your credit card balance more quickly by simply fixing the amount you pay each month. Use the sliders below to calculate new monthly payment or a date you want to clear the balance by.

Clear your balance by
Fixing your monthly payment to
per month
Well done...
You have reduced your time by and

Enter an earlier date you want to clear the balance by

The minimum early payoff duration should be 1 month

Specify a duration to calculate early payoff amount

The early payoff monthly amount exceeds the outstanding balance amount

You need to enter monthly amount greater than your current minimum payment

Specify an amount to calculate early payoff duration

We have encountered an error while processing your request. Please retry in a few minutes.

Loading image
Set Tab for lightbox