Credit Card Payoff Calculator

How long payoff takes — and what extra payments save.

Result

Months to clear36
Total interest£2,122.71
Total paid£7,122.71

Credit Card Payoff Calculator — FAQs

£5,000 at 24.9% APR?

£200/month clears it in ~33 months with ~£1,850 interest; £300/month cuts to ~20 months and ~£1,100.

Minimum payments?

Minimums barely cover interest — a £5,000 balance can take 20+ years and cost more in interest than the debt.

What is a balance transfer card?

0% APR for 12–24+ months on moved debt (usually ~3% fee). Far faster payoff than paying 24.9% interest.

Avalanche vs snowball?

Avalanche pays highest-APR first (cheapest); snowball clears smallest balance first (motivating). Avalanche wins mathematically.

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