Credit card calculator

Reducing your credit card debt is one of the fastest ways to get MoneyFit!

Repaying the minimum amount each month can cost you thousands of pounds and take years to pay off.

Use this calculator to see how much you can save and plan how you can reduce your debt to get your finances back on track. 

of balance plus interest OR
whichever is higher
You should use your savings to pay off your debt - it's faster and cheaper
If you repay the minimum (starts at £0 first month)
  1. 0
  2. 2,500
  3. 5,000
  4. 7,500
  5. 10,000
  6. 12,500
  7. 15,000
  8. 17,500
  9. 20,000
  10. 22,500
You'd pay £0
If you repay £0 EVERY MONTH
  1. 0
  2. 2,500
  3. 5,000
  4. 7,500
  5. 10,000
  6. 12,500
  7. 15,000
  8. 17,500
  9. 20,000
  10. 22,500
You'd pay £0 over 2 years and 0 months
Increasing your monthly repayment to
Saves you £12,601 over 35 years and 5 months