# Credit card repayment calculator UK | ComputeNow

URL: https://computenow.co.uk/credit-card-payoff-calculator/

> See how long it takes to clear a credit card and the interest you pay, on a fixed payment or the minimum, with 0% offers.

This calculator shows a worked example below. To use your own figures, add them to the URL as query parameters (listed in https://computenow.co.uk/llms.txt), for example https://computenow.co.uk/credit-card-payoff-calculator/?<parameter>=<value>.

[What's Left, step 4 of 7: When will my debts be paid off?](https://computenow.co.uk/money-plan/#steps)

# 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.
Assumes no new spendingRates checked 18 October 2026
By the ComputeNow team, checked against GOV.UK and HMRC[Sources (2)](#sources)[How we calculate](https://computenow.co.uk/methodology/)

You will be debt-free in
26 months
paying £150 a month, or 2 years and 2 months

What you pay

- Balance £3,000.00 (79%)
- Interest £785.16 (21%)

## 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.

### Next steps

- [Debt payoff calculator](https://computenow.co.uk/debt-payoff-calculator/?b1=3000&r1=24.71&m1=150)Plan this card alongside your other debts.
- [Debt consolidation calculator](https://computenow.co.uk/debt-consolidation-calculator/?debt=3000&payment=150&current=24.71)Would one cheaper loan clear it faster?

Added. [See what's left each month](https://computenow.co.uk/money-plan/)
[What's Left](https://computenow.co.uk/money-plan/) adds up your monthly figures from each calculator and shows what is left each month.
[You will be debt-free in 26 months Breakdown](#result)

## 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](https://www.moneyhelper.org.uk/en/money-troubles) backed by the government, with a free debt advice locator
- [Citizens Advice](https://www.citizensadvice.org.uk/debt-and-money/) online, by phone or in person near you
- [StepChange](https://www.stepchange.org/) debt charity, online advice any time
- [National Debtline](https://nationaldebtline.org/) 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.

## Related calculators

[Loan repayment calculator Monthly payments and total interest](https://computenow.co.uk/loan-repayment-calculator/)[Savings calculator How your savings grow with interest](https://computenow.co.uk/savings-calculator/)[Loans & savings calculators See all loan and savings tools](https://computenow.co.uk/loans-and-savings/)

## Guides and help

### Our guides

[UK interest rates and inflation today Average mortgage, savings, loan and card rates](https://computenow.co.uk/guides/uk-interest-rates-and-inflation/)

### Official services and free advice

[StepChange Free debt advice charity](https://www.stepchange.org/)[National Debtline Free, confidential debt advice](https://nationaldebtline.org/)[Citizens Advice: debt and money Free, independent advice](https://www.citizensadvice.org.uk/debt-and-money/)

## Sources

Each source was last checked on 18 October 2026.

- [Bank of England: quoted household interest rates (September 2026)](https://www.bankofengland.co.uk/boeapps/database/FromShowColumns.asp?SearchText=IUMBV34&Travel=NIxAZx)
- [FCA: Understanding APR](https://www.fca.org.uk/consumers/credit-cards)
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.