30 Sept 2024

Credit card repayment calculator

Work out how long it will take you to repay in full the balance on your credit card, and what the total cost will be.

Grace WitherdenSenior writer

In this article

How much are your credit card debts costing you?

If you have more than one credit card it can be hard to keep up with what they are costing you and how long it may take to clear all of your debts.

Different cards will attract different levels of credit card interest and you may have opted to only pay the minimum repayment rather than a set amount, which can impact the time it will take you to repay what you owe.

Use our credit card repayment calculator

You can use the calculator below to work out what each of your credit cards is costing you and how changing your repayments can help you cut the time it takes to clear your balance in full.

Using a 0% balance transfer credit card to clear debt

If you have multiple cards charging interest and you are keen to clear your debts, you might benefit from a 0% balance transfer card.

These deals allow you to move money from other credit cards charging interest (typically for a one-off fee per transfer) and freeze the interest for a set period - giving you time to clear the debt without worrying about interest.