Credit Card Repayment Calculator

Find out when you’ll be debt-free, how much interest you’ll pay, and how much longer minimum repayments would take.

Card balance

€

Interest rate

The purchase rate on your statement

Monthly repayment

€

This month’s minimum: €91.26

More options

Your card’s minimum repayment

At least €5, unless the balance is less

Debt-free in

2 years

Paying €150 a month on €3,000 at 16.8%

Total interest: €544
Paying only the minimum: 18 years 4 months

Balance€3,000
Interest€544

What this means

Paying only the minimum would take 18 years 4 months. Everything you pay above the minimum goes straight off the balance, which is why paying more clears it so much faster.

Card interest is usually the most expensive debt you can have, so it’s worth clearing before saving beyond an emergency fund.

Next step

Your plan against the minimum

	Your plan	Minimum only
First repayment	€150.00	€91.26
Time to clear	2 years	18 years 4 months
Total interest	€544	€2,475
Total paid	€3,544	€5,475

Paying €150 a month saves €1,931 in interest against the minimum.

To be debt-free sooner

Clear it in	Pay a month	Interest
1 year	€273.33	€280
2 years	€148.04	€553
3 years	€106.66	€840
5 years	€74.24	€1,454

Balance transfer offers are usually 0% for 6 to 12 months, often with no fee.

Assumptions in this estimate

Interest is added monthly at one-twelfth of the yearly rate. Card providers usually work it out daily, so your statements may differ slightly.
Assumes you don’t spend anything new on the card, the rate stays the same, and there are no fees or late charges.
The minimum repayment is 3% of the balance, or €5 if that’s more, so it falls as the balance falls.
Minimum repayments are usually 2.5% to 3% of the balance, or €5 to €10 if that’s more.
Irish credit cards typically charge about 14% to 17% interest on purchases. Every card account also pays €30 Government stamp duty a year, so advertised APRs are higher.

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How the calculator works

Your plan: each month, interest is added and your repayment comes off, until the balance is cleared.
Paying only the minimum: worked out with your card’s minimum repayment formula, which you can change under More options.
To be debt-free sooner: the monthly repayment that would clear the balance in 1, 2, 3 or 5 years.

Use your card’s interest rate, not the APR, which includes the €30 stamp duty.

Paying more makes a big difference

€3,000 at 16.8%:

Monthly repayment	Time to clear	Total interest
Minimum only, 3%	18 years 4 months	€2,475
€150	2 years	€544
€300	11 months	€255

Irish credit cards typically charge about 14% to 17% interest on purchases.

Tips to clear it faster

Stop using the card while you pay it off.
Pay more than the minimum, even a little.
With more than one card, pay the minimum on each and put anything extra on the one with the highest rate.

Last updated October 14, 2026

Frequently asked questions

How long will it take to pay off €3,000 on a credit card?

At 16.8%, repaying €150 a month clears it in 2 years, with €544 of interest. Paying only a 3% minimum (at least €5) would take 18 years 4 months and cost €2,475 in interest.

How much should I repay to clear it in 3 years?

On €3,000 at 16.8%, €106.66 a month. To clear it in 2 years, €148.04 a month.

Is the €30 stamp duty included?

No. Every credit card account pays €30 Government stamp duty a year, on top of the interest shown here.

Is a balance transfer worth it?

Balance transfer offers are usually 0% for 6 to 12 months, often with no fee. It usually pays off if you can clear most of the balance in that time and don’t add new spending.