UK · Free calculator
Credit card payoff calculator
Compare minimum payments vs a fixed payment to clear a UK credit card.
Your figures
Rates updated 2026-04-06. Results update as you type.
- Months to clear
- 21
- Interest paid
- £537.85
- Total paid
- £3,037.85
How this calculator works
Fixed payments clear the card faster than minimum-only payments.
£2,500 balance
Paying £150 a month at 22.9% APR.
Assumptions & sources
- No new spending, fees or promotional 0% periods.
- Interest compounded monthly.
- Typical UK credit card minimum payment rules vary by issuer
Frequently asked questions
As the greater of 2.5% of the remaining balance or £25 — a common UK pattern, though cards vary.
Estimates only
Handy Money Tools provides illustrative figures, not personalised financial or tax advice. Verify
important decisions with official sources or a qualified adviser.
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