Household
Credit card payoff calculator
See how long a card balance takes to clear at a fixed monthly payment, or the payment that clears it by a date you choose, and the interest either way.
Rates last checked on 9 November 2026.
Used to show the saving against paying only the minimum.
Paying £120.00 a month instead of the minimum saves you £3,855.67 in interest and clears the card 5 years 11 months sooner.
| Figure | Minimum | Your payment |
|---|---|---|
| Monthly payment | £80.00 | £120.00 |
| Interest | £5,786.29 | £1,930.62 |
| Total paid | £9,286.29 | £5,430.62 |
| Time to clear | 9 years 9 months | 3 years 10 months |
How this is worked out
Enter the balance and the APR. One option is a fixed payment each month. The other works out the payment that clears the balance in the number of months you choose.
Interest is modelled monthly: the APR is divided by 12. Many cards charge interest daily, so the figure on a statement can differ. If the payment does not cover the interest, the balance will not fall and the calculator says so.
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For guidance only. This is not financial advice, legal advice, or a mortgage offer. Check the original invoice, contract, or lender illustration before you rely on a figure.
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