At your own balance and interest rate, see how long the balance takes to clear and how much interest it costs — and the contrast between paying a fixed amount and paying only the minimum, using the minimum-repayment rule described by ASIC MoneySmart.
Educational tool. Not financial advice.
Current balance on the card
The amount currently owing — we don't store it.
$
Purchase interest rate (APR)
The annual purchase rate on your statement, e.g. 20.99.
% p.a.
What could you pay each month?
The fixed amount you'd commit to monthly — we contrast it with paying only the minimum (the greater of 2% of the balance or $20, the ASIC MoneySmart rule).