CALCULATOR

Credit Card Payoff Calculator

Compare paying the minimum with a fixed amount each month: how long each takes and what the interest adds up to.

Card balance

€

Interest rate (APR)

Minimum payment, share of the balance

Check the card statement for the exact rule.

Minimum payment, lowest amount

€

The minimum never drops below this.

Fixed amount paid every month

€

Paying €150 every month

2 yrs 2 mo

Clears €3,000 with €771 of interest, €3,771 paid in all.

Minimum payments compared with a fixed amount

Measure	Minimum only	Fixed €150
First payment	€91.65	€150.00
Time to clear	13 yrs 1 mo	2 yrs 2 mo
Interest paid	€3,717	€771
Total paid	€6,717	€3,771

The fixed €150 clears the card 10 yrs 11 mo sooner with €2,945 less interest than paying only the minimum.

Balance owed over time

Fixed €150 Minimum only (dashed)

Today13 yrs 1 mo

Assumes no new spending, a fixed interest rate, and interest added monthly before each payment. Real cards may also charge fees and set the minimum differently. Educational content, not financial advice.