Credit card repayment calculator

How long will it take to pay off your credit card? 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.

£
 
Please enter a current balance between £10 and £25,000
%
Please enter an interest rate of minimum 0.10% and maximum 100%
 
 

Good to know

Interest costs, savings and pay-off times 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 £. We've made some assumptions too:

  • You make no new transactions or balance transfers.
  • You've entered the correct interest rate for your card.
  • 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.

Worried about money?

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

Get help and advice

Interest rate

If you're unsure of your card's interest rate, take a look at your most recent statement, or contact your provider. Be careful to check it's an interest rate and not an APR%. For Capital One customers, it's detailed in the product summary. We can also tell you, if you send us a secure message from your online account.