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Credit Card Payoff Calculator (AU)

Find out how long it will take to pay off your credit card and how much interest you'll pay. Includes minimum payment comparison. Free AU calculator.

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Credit Card Debt in Australia

AU credit card rates: 13–22% p.a., compounding daily. Minimum repayments (2% or $25) keep you in debt for decades. $10k at 20% with minimums = ~37 years, $18k+ interest. Fix payments at $500/mo = 24 months, ~$2.1k interest. Always pay more than the minimum.

Almost always pay the card. Card rates (18–22%) far exceed savings returns (4–5%).

This calculator provides estimates only and does not constitute financial advice. Verify results with a qualified professional.