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Credit Card Calculator

This calculator helps you estimate how much time and interest you can save if you repay more than your minimum repayment.

Compound Interest Calculator

 

Credit Card Calculator Assumptions

  • This calculator does not take into account credit card fees.
  • It is assumed that no additional spending on the card and no cash advances.
  • This calculator does not take into account interest-free period.
  • The interest rate is the annual rate on your credit card and is compounded monthly.
  • The minimum repayment is calculated based on the card balance and the minimum repayment % (percent) or $ (dollars) entered. It varies from month to month.
  • It assumes higher amount remains constant each month.

The Credit Card Calculator has been provided in good faith as a guidance tool only. Results are not financial advice, are a guide only, and are not a guaranteed outcome or quote. You should always discuss your individual situation with an Australian Credit Licensee or authorised Credit Representative.

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