Credit Card Repayment Calculator
See how long it takes to pay off your credit card, how much you'll pay in interest, and how extra payments can help you clear your debt faster.
£
%
%
Results
Time to pay off21 years 10 months
Months262
Total interest£7,357
Repaid / borrowed3.5x
Total amount repaid£10,357
By making only the minimum payment on a £3,000 balance at 22.9% APR, it would take you 21 years 10 months to clear the debt. You would pay £7,357 in interest alone, bringing the total repaid to £10,357 — that's 3.5x what you originally owed.
Principal vs interest
Principal£3,000
Total interest£7,357
Balance by year
Principal paidInterest paid
Repayment schedule
| Month / Year | Payment | Interest | Principal | Remaining balance |
|---|---|---|---|---|
| Month 1 | £75.00 | £57.25 | £17.75 | £2,982.25 |
| Month 2 | £74.56 | £56.91 | £17.64 | £2,964.61 |
| Month 3 | £74.12 | £56.57 | £17.54 | £2,947.06 |
| Month 4 | £73.68 | £56.24 | £17.44 | £2,929.63 |
| Month 5 | £73.24 | £55.91 | £17.33 | £2,912.29 |
| Month 6 | £72.81 | £55.58 | £17.23 | £2,895.06 |
| Month 7 | £72.38 | £55.25 | £17.13 | £2,877.93 |
| Month 8 | £71.95 | £54.92 | £17.03 | £2,860.91 |
| Month 9 | £71.52 | £54.60 | £16.93 | £2,843.98 |
| Month 10 | £71.10 | £54.27 | £16.83 | £2,827.15 |
| Month 11 | £70.68 | £53.95 | £16.73 | £2,810.42 |
| Month 12 | £70.26 | £53.63 | £16.63 | £2,793.80 |
| Year 2 | £811.40 | £619.37 | £192.03 | £2,601.77 |
| Year 3 | £755.62 | £576.79 | £178.83 | £2,422.94 |
| Year 4 | £703.69 | £537.15 | £166.54 | £2,256.40 |
| Year 5 | £655.32 | £500.23 | £155.09 | £2,101.30 |
| Year 6 | £610.28 | £465.84 | £144.43 | £1,956.87 |
| Year 7 | £568.33 | £433.82 | £134.50 | £1,822.37 |
| Year 8 | £529.27 | £404.01 | £125.26 | £1,697.11 |
| Year 9 | £492.89 | £376.24 | £116.65 | £1,580.46 |
| Year 10 | £459.01 | £350.38 | £108.63 | £1,471.83 |
| Year 11 | £427.46 | £326.29 | £101.17 | £1,370.66 |
| Year 12 | £398.08 | £303.87 | £94.21 | £1,276.45 |
| Year 13 | £370.72 | £282.98 | £87.74 | £1,188.71 |
| Year 14 | £345.23 | £263.53 | £81.71 | £1,107.01 |
| Year 15 | £321.51 | £245.42 | £76.09 | £1,030.92 |
| Year 16 | £302.37 | £228.45 | £73.92 | £957.00 |
| Year 17 | £300.00 | £210.10 | £89.90 | £867.11 |
| Year 18 | £300.00 | £187.21 | £112.79 | £754.32 |
| Year 19 | £300.00 | £158.49 | £141.51 | £612.82 |
| Year 20 | £300.00 | £122.46 | £177.54 | £435.28 |
| Year 21 | £300.00 | £77.26 | £222.74 | £212.54 |
| Year 22 | £234.16 | £21.63 | £212.54 | £0.00 |