Credit card payoff calculator
How long a balance takes to clear and the interest it costs, with nothing new bought.
0% balance transfers today
Ranked by what clearing $5,000 at $250 a month costs on each card: the transfer fee, interest once the 0% ends, and the card’s fees.
- 1
Bankwest Breeze Platinum Mastercard0% for 24 months, then 12.99% · 3% fee · $59 a year$268in fees and interest - 2
BOQ Low Rate Visa Credit Card0% for 24 months, then 21.99% · 3% fee · $65 a year$280in fees and interest - 3
Latitude Low Rate Mastercard0% for 25 months, then 29.99% · 3% fee · $69 a year$288in fees and interest
Lowest purchase rates today
$250 a month on $5,000 at each card’s rate. Interest-free cards charge a monthly fee instead, and aren’t listed.
- 2
Low Rate Credit Card from American Express$0 a year · cleared in 1 year 11 months10.99%$548 interest
Ranked on the figures you entered. Not a recommendation: it doesn’t consider your objectives, financial situation or needs. A card generally won’t take a transfer from another card in its own banking group.
Why the smallest repayment the bank asks for takes years to clear a balance. Three minutes.
The 0% months, the fee, and the rate the rest reverts to.
The longest 0% balance transfers today, card by card.
As of 7 November 2026, the typical purchase rate across the 111 credit cards on BankMate is 21.99%. At that rate, a $5,000 balance paid $250 a month is cleared in 26 months with $1,285 of interest; paying a minimum of 2% or $25 takes 67 years and $35,802 of interest. Interest is a twelfth of the yearly rate on what’s owed each month, then the payment comes off; nothing new is bought. A transfer is cleared in equal payments of about your monthly payment; what’s left when its 0% months end is charged its revert rate, and its fees are the card’s own for the years it takes.