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Credit Card Payoff Calculator (Australia)

Australian credit cards charge 12–22% per year and minimum repayments are deliberately small — making them slow and expensive to clear. The calculator shows the difference: paying the minimum vs paying a fixed amount. Often paying the minimum doubles or triples the time to clear and the total interest cost. Useful for showing clients the real cost of revolving debt before they extend their home loan to consolidate.

Credit Card Repayment
See how long it takes to pay off your credit card balance and how much interest you'll pay.
$
19.99%
%
$
Suggested minimum payment: $100.00/month (2% of balance or $25, whichever is greater).
Months to Repay
109
Total Interest
$5,830
Total Paid
$10,900
If you doubled your payment
Months Saved
76
Interest Saved
$4,309
These results are indicative estimates only. They do not constitute financial advice. Actual repayments, costs, and savings may vary. Always verify with a licensed Australian mortgage broker.