Canadian Credit Card Calculator
Our credit card calculator examines three potential scenarios for paying off a credit card: making only minimum credit card payments; making minimum payments plus an additional monthly amount; or making a fixed payment on the credit card every month.
Here are some other things this calculator can do:
What you can do with this credit card calculator
- Basic credit card calculations
See how much it will cost to pay off a credit card in the most basic of circumstances.
- Annual fees
See if paying an annual fee for additional features and a lower rate helps pay off a credit card faster.
- Compare two credit cards side-by-side
Use this calculator to compare how much interest is paid for two different credit cards.
- Introductory rates NEW!
See if a low introductory rate helps you pay off your credit card debt faster. To use this feature, enable the credit card calculator's advanced features, below.
- Balance transfer fees NEW!
If switching to a credit card incurs balance transfer fees, use this feature to see how it will affect your bottom line. To use this feature, enable the credit card calculator's advanced features, below.