Credit Card Repayment Calculators
Use these free credit card repayment calculators to work out effective ways to pay off your credit card debt. The first calculator will show you how long it will take to pay off your credit card balance with a set monthly payment of your choosing. The second calculator will give you an idea of how much you should pay each month to eliminate your credit card balance completely in a set period of time. Please note that these calculators require JavaScript to be enabled in your browser.
Disclaimer
Whilst every effort has been made in adding and testing the credit card repayment calculators, I am not to be held liable for any special, incidental, indirect or consequential damages or monetary losses of any kind arising out of or in connection with the use of them. This credit card repayment calculators is here purely as a service to you, please use it at your own risk.
The calculations given by the credit card repayment calculators are only a guide. Please speak to an independent financial advisor for professional guidance.
Please see the full disclaimer for more information.
What Is APR?
APR translates as Annual Percentage Rate, and is the borrowing interest rate for your loan or credit card debt. The APR calculation takes into account for the interest rate, how often it's charged, initial fees and any other costs associated with the loan. Credit cards tend to have high APR percentages, commonly between 15 and 40 percent, so it's worth spending extra time hunting around for a good rate.
If you have any problems using the credit card repayment calculators, please contact me.