Updraft helps people pay off credit card debt by showing what they owe, what it costs and how long repayments may take. A repayment calculator turns those figures into a practical plan, so you can compare monthly payments and see a clear target date.
Enter each balance, interest rate and minimum payment into the calculator. It can estimate how long repayment will take and how much interest may be added. For example, a £3,000 balance paid at £150 a month will follow a different timeline from the same balance paid at £250 a month. The result is an estimate, because interest, new spending and changes to payments affect the final date. You can find further guidance on repayment planning before choosing your approach.
Try several monthly amounts rather than focusing only on the minimum payment. Increasing a payment can shorten the repayment period, but the amount must still fit your budget after rent, bills and essential spending. If you have several cards, a calculator can also compare paying the highest-rate balance first with clearing the smallest balance first. The first approach usually targets interest cost, while the second can provide an earlier completed account.
A calculator is also useful when comparing existing card payments with one fixed monthly repayment. Include the total repayable, arrangement fee, interest rate and loan term rather than comparing monthly payments alone. A lower monthly figure may result from taking longer to repay. Check that the cards are actually cleared, that you will not continue adding to the balances and that the proposed payment is affordable. Revisit the calculation whenever a balance, rate or payment changes so your payoff timeline remains useful.