Enter your credit card details to see your debt-free date, total interest cost, and how extra payments can save you money.
Enter your credit card details, then click Calculate to see your debt-free date and total interest cost.
UK credit cards charge interest based on your APR (Annual Percentage Rate). The APR is divided by 12 to get a monthly rate, which is applied to your outstanding balance each month. If you only make minimum payments, most of your payment goes toward interest rather than reducing the balance.
Making only minimum payments (typically 1-2.5% of your balance or a fixed floor like £25) means it can take decades to clear your debt and you'll pay far more in interest than the original balance. Even small increases above the minimum can dramatically reduce your payoff time.
As much as you can comfortably afford. At a minimum, always pay more than the interest charges to ensure your balance is actually decreasing. Use the slider on this calculator to see how increasing your payment shortens your payoff timeline and saves you money.
A 0% balance transfer card can save significant interest, but watch out for transfer fees (usually 1-3%) and make sure you can clear the balance before the promotional period ends. After that, the standard APR kicks in, which can be even higher than your current card.
Yes. All calculations happen in your browser. We never store, transmit, or access any financial information you enter. Your data never leaves your device.