Credit Card Payoff Calculator
Find your debt-free date and the real cost of carrying it
Credit card debt is expensive — but it's also one of the most responsive to small payment increases. This tool shows your payoff timeline, total interest, and the dramatic difference that paying a little more each month makes. The minimum payment trap is real and the numbers prove it.
Card Details
£
£
£
Debt-Free In
—
Payoff Date
—
£0Total Interest Paid
£0Total Amount Paid
—Minimum Payment Only: Time
£0Minimum Payment Only: Interest
💡
Could a balance transfer save you more? If you can qualify for a 0% balance transfer card (typically 0% for 12–28 months with a 2–3.5% transfer fee), you could pay down the same balance much faster with all payments going to principal — not interest. Compare: at 22.9% APR, each month's interest eats into your payment before it reduces the balance. On a 0% deal, every penny clears debt. Worth checking your eligibility at MoneySavingExpert's 0% transfer eligibility checker before you use this calculator to plan your payoff.