Credit Card
Our Credit Card Calculator helps you understand how long it could take to repay your credit card balance and how much interest you may pay over time. By entering your current balance, interest rate, and proposed repayment amount, you can see the impact different repayment strategies can have on becoming debt-free sooner. Whether you’re looking to reduce interest costs, pay off your card faster, or improve your borrowing capacity for a home loan, this calculator provides a simple way to plan your repayments and take control of your finances.
Credit card calculator
Find out how long it will take to pay off your credit card — and how much interest you'll pay — depending on how much you repay each month.
Average Australian CC rate is 18–22% p.a.
Enter the amount you plan to pay each month.
Some cards charge $50–$700/year.
Repayment scenarios — what difference does it make?
Balance over time
Cumulative interest paid
Monthly breakdown (first 24 months)
| Month | Opening balance | Interest | Payment | Closing balance | Cumul. interest |
|---|
Carrying credit card debt? Consolidating into a personal loan or home equity loan at a much lower rate could cut your interest cost dramatically. We can help you find the right option.
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