Credit Card Calculator


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This calculator helps you estimate how much time and interest you can save if you repay more than your minimum repayment.

Assumptions
  • This calculator does not take into account credit card fees.
  • It is assumed that no additional spending on the card and no cash advances.
  • This calculator does not take into account interest free period.
  • The interest rate is the annual rate on your credit card and is compounded monthly.
  • The minimum repayment is calculated based on the card balance and the minimum repayment % (percent) or $ (dollars) entered. It varies from month to month.
  • It assumes higher amount remains constant each month.

Note: The information provided by the calculator is intended to provide illustrative examples based on stated assumptions and your inputs. Calculations are meant as estimates only and it is advised that you consult with a mortgage broker about your specific circumstances. Financial Calculators © VisionAbacus Pty Ltd