Credit Card Payoff Calculator

The calculator estimates your repayment period by combining your balance, APR and regular monthly payment. It shows your expected repayment time, total interest, and the full repayment cost. It’s a quick way to understand the impact of interest on your balance.

Some calculators use daily interest, compound interest, or include fees, which can produce slightly different results. The SBX version uses a simple monthly interest estimate to keep results clear and easy to understand. It’s designed for guidance rather than exact lender figures.

Yes. Increasing your monthly payment and recalculating shows how your repayment time and interest change. A small increase can reduce the interest paid and shorten the repayment period considerably. It’s a useful way to compare repayment strategies before committing to changes.

Yes. The tool works in pounds and applies UK-style APR to estimate repayment times. It is a simplified model intended for general use. For precise APR calculations, credit card providers use their own formulas, which may include extra fees or daily interest.

SBX provides several free tools to help with tax, finance, and budgeting. You can try the

Business Expense Tax Savings Calculator for estimating work-related tax relief

CIS Calculator for subcontractor deductions

Loan Repayment Calculator for estimating loan and HP repayments

Each one gives quick figures to help you plan with more confidence.