Credit Card Calculator
Calculate how long it will take to pay off your card and how much interest you'll pay.
% APR
%
Paying only the minimum can result in years of debt and huge interest costs.
Monthly payment
€ 0,00
Time to payoff
0 months
Total interest
€ 0
Total paid
€ 0
High interest alert
You'll pay 403% more than the original balance in interest alone.
Payment comparison
| Payment | Time | Interest | Savings |
|---|---|---|---|
| €100.00(min) | 9a 1m | €5830 | - |
| €150.00 | 4a 2m | €2357 | -€3473 |
| €200.00 | 2a 9m | €1521 | -€4309 |
| €300.00 | 1a 8m | €906 | -€4924 |
Cost breakdown
€25kTotal
Principal(19.9%)
Interest(80.1%)
Summary
Current balance€5000
Interest rate (APR)19.99% APR
Total interest€20151.45
Payoff date43a 7m
How does credit card interest work?
Credit cards charge interest on unpaid balances. The annual APR is divided by 12 for monthly interest. Interest compounds on the outstanding balance.
The minimum payment trap
The minimum payment (typically 2% of balance) barely covers interest. This can extend debt for decades and multiply the cost.
How to get out of debt
Pay more than the minimum whenever possible. Consider balance transfers to 0% introductory cards. Attack cards with highest APR first.