Monthly payment required to pay off in 12 months
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Total Paid
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Principal + Interest
Total Interest
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Cost of this debt
Interest Saved
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vs minimum payments
// Your Debt
// Payoff Target
Minimum payment benchmark uses 2% of current balance per month (min GBP /$/EUR 25), recalculated monthly - a typical UK card standard.
// Why this matters
Enter your balance and APR to see the full picture - exactly what you need to pay each month and how much the minimum payment trap really costs.
// Payoff Scenarios
| Timeframe | Monthly Payment | Total Interest | Total Paid | Interest Saved |
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// Balance Over Time - Your Plan vs Minimum Payments
// Month-by-Month Schedule
| Month | Opening Balance | Payment | Interest | Principal | Closing Balance |
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The Minimum Payment Trap
Credit card minimum payments are designed to keep you in debt as long as possible. The interest resets every month - most of your money goes to the bank, not your balance. A fixed higher payment attacks the principal directly: each month the balance falls faster, the interest charge shrinks, and the saving compounds.
// Questions about your numbers?
If your card has an unusual rate or fee structure, or the figures don’t match what your provider shows, get in touch. Email is optional — only needed if you’d like a reply.