Credit Card Minimum Repayment Calculator
Shows how long a credit card takes to clear if you only pay the minimum.
Your result
Estimate only. Results update as you type.
How this calculator works
Each month the minimum is the greater of a percentage of the balance and a dollar floor.
Worth knowing
Australian card statements must show how long minimum payments take. This calculator shows the same idea for any balance.
Guides for this calculator
- Using a Credit Card Minimum Repayment Calculator in Australia: A Step-by-Step Guide
- Common Credit Card Minimum Repayment Mistakes (and a Better Way)
Questions
- What is a comparison rate?
- It combines the interest rate and most fees into one annual rate, usually based on a $30,000 loan over five years, to make loans easier to compare.
- Do the results include fees?
- Only where a fee input is shown. Add any known fees for a more realistic total.
- Where can I get help with debt?
- The National Debt Helpline (1800 007 007) offers free, confidential financial counselling.
This calculator gives general estimates using published Australian rates and formulas. It doesn’t consider your personal circumstances. Check current figures with the ATO, your state government or a qualified professional before making decisions. See our disclaimer.