Take Back Control With Our Credit Card Calculator
How Much is Your Credit Card Debt Costing You?
Making minimum repayments on your credit card means you’re just paying off the interest which doesn’t make a dent in your actual balance. Use our Credit Card Calculator to see how much your credit card debt is costing you in interest.
Credit Card Amount
Enter the amount of credit card debt you owe.
You can increase or decrease the interest rate to understand the affect on your repayments and total interest.
Affordable Monthly Payment
Enter the amount you can afford to pay towards your credit card.
Struggling to pay back your debts? We may have the solution!
Credit Card Tips
Make Higher Repayments
Repaying just the minimum on your credit card will mean you’ll only ever pay back the interest, not the actual balance. Pay off extra every month by rounding up your repayment or splitting your repayments from monthly to fortnightly.
Consider a Balance Transfer
If you have a credit card with a high interest rate, you may be able to transfer the balance on to a low rate balance transfer credit card. Many banks offer balance transfer deals, with rates as low as 0% for up to 12 months.
Choose a Low Rate Card
By comparing your credit card interest rate to those available on the market, you may find you can achieve a lower interest rate. Unless you’re on a super low rate already, changing your credit card can save you thousands in interest.
Consolidate Your Debt
By consolidating your credit card debt into a personal loan or your mortgage, you eliminate high interest rates and multiple payments. Instead, you will have just one repayment and one fixed, potentially lower interest rate.