How long will my credit card take to pay off?

Enter your balance, interest rate and minimum payment. Compare paying the minimum with a fixed amount each month. Free, no sign-up, and nothing you type leaves your device.

Paying the minimum only

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Minimum only: time–

Minimum only: interest–

Fixed payment: time–

Fixed payment: interest–

Interest you'd save–

Got more than one debt?

The Debt Payoff Planner spreadsheet lists all your debts, compares snowball and avalanche, and shows the order to pay them off and your debt-free date. Excel and Google Sheets. No app, no sign-up, no subscription.

AU$12.90

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How it works

The sum

Each month, interest is added (your yearly rate divided by 12), then the payment comes off. The minimum is the larger of your percentage of the balance and the dollar amount, so it shrinks as the balance shrinks. That's why paying only the minimum takes so long.

It's an estimate

Card issuers work out interest daily, may charge fees, and set their own minimum rules, so your real figures can differ. It assumes no new spending on the card. Your statement shows your issuer's own estimate. This is a planning tool, not financial advice.

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