Free Tool · Credit & Debt

Credit Card Repayment Calculator

Enter your balance, interest rate, and monthly payment to see exactly how long it will take to pay off your credit card — and how much interest you'll pay along the way.

Your credit card details
$
Most Australian credit cards charge 17–22% p.a. Check your statement.
$
Minimum payment (2% of balance)
Must be more than the monthly interest charge to make progress.
Note: Assumes a fixed balance with no new purchases. Real credit card balances change with spending. For illustration purposes only.
Go deeper with Credit & Debt lessons
Now you know the cost —
learn how to get out faster

These lessons explain how credit cards actually work, what affects your credit score, and the smartest strategies for paying down debt.