How it works
Each month: add interest at annual rate ÷ 12, then subtract the payment. Repeat until the balance is cleared.
A worked example
A 1,000 balance at 0% with payments of 100 takes 10 months to clear.
What to keep in mind
Fixed nominal annual rate, monthly interest, no new spending or fees. Actual cards may accrue daily interest and use different minimum-payment rules.
A common question
What if my payment is too low?
The calculator flags payments that do not cover the first month’s interest, rather than showing a misleading payoff date.
For general information and planning, not personalised financial or tax advice. Verify important decisions with a qualified adviser.