Credit Card Repayment Calculator | Improve My <a href="https://www.improvemycreditscore.uk/credit-score-simulator-free/" target="_blank" rel="noopener">Credit Score</a>

Credit Card Repayment Calculator

Find out how long it will take to pay off your credit card debt and how much interest you’ll pay

Repayment Summary

Time to pay off:
Total interest paid:
Total amount paid:
Interest saved with extra payments:
Time saved with extra payments:
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Top Tips for Paying Off Credit Card Debt

Always pay more than the minimum payment – Paying just the minimum will extend your debt for years and cost you significantly more in interest.
Consider a 0% balance transfer – Transferring your balance to a 0% interest credit card can save you money and help you pay off debt faster.
Use the snowball or avalanche method – Snowball: Pay off smallest debts first for psychological wins. Avalanche: Pay off highest interest rates first to minimize total interest.
Cut expenses temporarily – Look for non-essential expenses you can reduce until your debt is paid off, then redirect that money to extra payments.
Set up automatic payments – Ensure you never miss a payment by setting up automatic payments for at least the minimum amount due.
Consider debt consolidation – If you have multiple high-interest debts, consolidating them into a single lower-interest loan might save you money.

Disclaimer

This calculator provides estimates based on the information you provide. Actual repayment times and interest may vary depending on your specific card terms, payment timing, and other factors. This calculator assumes a fixed interest rate and that no new charges are made on the card.

We are not financial advisors. The information provided on this website is for educational purposes only. Please consult with a qualified financial professional before making important financial decisions.

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