Credit Card Payoff Calculator UK
See how long your debt really takes to clear, compare snowball vs avalanche, and model a 0% balance transfer.
Your card
On top of the minimum.
It would take 32 yr 8 mo (392 payments) to clear £5,000, costing £9,324 in interest.
Balance over time
Understanding credit card debt
Most UK cards set the minimum at roughly 1% of the balance plus that month's interest (with a small floor, often £5 or £25). Because the 1% barely exceeds the interest, the balance falls painfully slowly. On a £5,000 balance at the UK average 22.9% APR, the minimum-only route takes about 392 months, over 32 years, and costs around £9,300 in interest, nearly double what you borrowed.
Paying any fixed amount above the minimum breaks this trap dramatically, because the extra goes entirely to principal.
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