Credit card repayment calculator

  • Use our tool to calculate how long it will take to pay off your credit card balance
  • Calculate how much interest you will owe over your planned repayment period
  • Learn how 0% balance transfer deals can save you money

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Example: If you were to repay a balance of £8,000 at a rate of £200 per month with an APR of 16.9%, then it would take 4 years and 9 months to repay the balance in full, at a total cost of £11,403. However, only repaying the mimum of 2.5% would take 28 years and 4 months, at a total cost of £16,407.

If you're currently making interest payments on credit card debt, we suggest transferring it to a card which offers 0% on balance transfers or, failing that, has a low rate (APR).

The Which? credit card comparison tables let you search all available cards from all providers large and small to choose the best deals based on quality of service as well as cost and benefits.

Which? comparison table: Best 0% balance transfer credit cards - our tables are updated in real-time  

If you're making only the minimum payment on your credit card each month it could take years to clear your balance - and you'll end up paying extra in interest, too.

Use our credit card repayment calculator to work out when you're likely to pay off your credit card bill and how much faster you could pay it off by making a higher monthly repayment.

To find out how much you could save, enter how much you owe on the card and the rate (APR)  your credit card charges. Type in how much you can afford to repay each month, as well as the minimum repayment percentage allowed by your credit card provider (this will usually be between 1% and 3% of your current balance).

The repayment calculator will show how much faster you could pay off your balance by making the extra payment, and how much cash you'd save.

Please note: the calculator above is designed as a guide only. The exact period of time taken to clear your credit card balance will depend on your own circumstances, particularly the date on which you make the monthly repayment. Rounding in the calculations involved may also affect the repayment period by one month.

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