What's Left, step 4 of 7: When will my debts be paid off?
Credit card payoff calculator
Find out how long it takes to clear a credit card balance and how much interest you pay on the way.
You will be debt-free in
26 months
paying £150 a month, or 2 years and 2 months
What clearing it costs
| Item | Total |
|---|---|
| Balance today | £3,000.00 |
| Interest | £785.16 |
| Total you pay | £3,785.16 |
Paying only a typical minimum (1% plus interest) would take 14 years and 10 months and cost £3,640.60 more in interest.
This is an estimate, not advice. It assumes your rate stays the same and you add nothing new to the card.
If money's tight, free help is available
It's confidential, it costs nothing and getting advice won't affect your credit score. These services help people every day with bills, borrowing and debts of any size:
- MoneyHelper backed by the government, with a free debt advice locator
- Citizens Advice online, by phone or in person near you
- StepChange debt charity, online advice any time
- National Debtline free phone and webchat advice
How credit card interest builds up
Each month the card charges interest on what you still owe, then your payment comes off the balance. The more you pay, the less interest builds up.
Paying more each month clears the same balance sooner and cuts the interest. A 0% balance transfer card can cut it further if you qualify.
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These results are an estimate, not financial advice. They use the 2026/27 rates in force on 24 October 2026 and the inputs shown, so your actual tax, pay or costs may differ. Before making a decision about your money, check the figures with HMRC or your provider, or speak to a regulated financial adviser. Free, impartial guidance is available from MoneyHelper.
This page explains the rules using the 2026/27 rates in force on 24 October 2026. It is general information, not financial advice. For decisions about your own money, speak to a regulated financial adviser, or get free, impartial guidance from MoneyHelper.