Finance & Irish taxes
Credit card payoff comparison Calculator
Compare minimum-only and fixed credit-card payments. This free credit card payoff comparison calculator shows the calculation and its assumptions so you can compare your own figures.
Calculated on your device
Your results
Fixed Payment Months25
Compare minimum-only and fixed credit-card payments.
Interest Saved€2,323.21
Calculated outcomes
- Minimum Only Months
- 141
- Minimum Only Interest
- €3,003.03
- Fixed Payment Interest
- €679.82
- Months Saved
- 116
Assumptions and estimates
- Minimum = greater of a fixed euro floor or entered % of balance after monthly interest. Card providers may use a different formula. No purchases, fees or promotional periods.
- Method: Minimum is the higher of the entered euro floor and balance percentage after interest.
- Card-specific minimum formulas can differ. No purchases, fees or promotional-rate changes.
Useful next steps
- Use Compare options to test an alternative side by side.
- Copy, print or download a record of this calculation when you need one.
Reports open your email app addressed to s@s1.ie with the public page address only. Your inputs are never added.
How the credit card payoff comparison calculation works
Minimum is the higher of the entered euro floor and balance percentage after interest.
Card-specific minimum formulas can differ. No purchases, fees or promotional-rate changes.
Using this calculator
- Enter your own figures in the labelled inputs. Keep the currencies, units and time periods consistent.
- Choose any applicable rate profile, pattern or assumption shown for this tool. Open additional inputs when relevant.
- Review fixed payment months and interest saved, then read the stated assumptions and eligibility conditions before using the result.
Worked example
This is a static example using illustrative inputs, not facts about you or today’s date. The displayed eligibility selections and assumptions apply only to this example.
See example inputs
- Card balance (€)
- 3000
- Annual interest rate (%)
- 20
- Minimum balance share (%)
- 3
- Minimum payment floor (€)
- 25
- Alternative fixed payment (€)
- 150
- Fixed Payment Months
- 25
- Interest Saved
- €2,323.21
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