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.

  • 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. Results are not financial advice, are a guide only, and are not a guaranteed outcome or quote. Borrowers should always discuss their individual situation with an Australian Credit Licensee or authorised Credit Representative.
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