← All folders

Credit card minimum-payment calculator

Only paying the minimum is very expensive. See how long clearing the balance actually takes.

Time to clear at minimum
100 yr
Total interest paid
£55,335
Total paid
£58,335
First month's payment
£60
First month's interest
£60
  • Paying only the minimum is one of the most expensive ways to borrow — even doubling the payment often saves years of interest.