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Credit card payoff

How long a card balance takes to clear on minimum payments versus a fixed monthly amount.

What you enter

  • Card balance
  • Interest rate per year
  • GST on interest
  • Minimum due (% of balance)
  • Minimum due floor
  • Fixed monthly payment

How this is calculated

  • Each month: interest = balance × annual rate ÷ 12, plus GST on that interest; then the payment is deducted.
  • Minimum due = the larger of the minimum % of the balance and the floor amount.

More in this category

⇄ Loan EMI & amortization⇟ Loan prepayment⛓ Debt payoff: snowball vs avalanche⟲ Loan refinancing (student or personal loan)⌂ Loan eligibility & affordability

These calculators show illustrative outcomes only. Returns are not guaranteed. Tax rules and rates change; verify them before acting. Nothing here is financial, tax or legal advice.