CREDIT CARD REPAYMENT CALCULATOR
See How Long It Could Take to Pay Off Your Credit Card
If you’re only making minimum payments, it can take years to pay off your credit card — and cost far more in interest than most people expect.
Use this calculator to estimate how long it could take to repay your balance and how much interest you may pay over time. It’s a quick way to get a clearer picture of where you stand.
If your results show it may take more than five years to become debt-free, there are options available. Our credit counsellors can review your situation and help you explore ways to reduce or eliminate interest and create a structured repayment plan that fits your budget.
**Please note this calculator is approximate based on 19.99% interest on Credit Cards only at an average minimum payment of 3% of the balance owing. These results are estimates and it is suggested to view your Credit Card statements for actual length of time it will take you to repay your debt with your credit card minimum payment as each financial institution may differ. This calculator provides an estimation and is solely used for general information and educational purposes. Actual repayment values may vary depending on each personal financial situation and the Credit Card issuer.
Consolidate your debt into one low monthly payment. Contact us or click Learn More below to explore your Debt Management Plan options.
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Speak with a credit counsellor about your situation and learn what options may be available.