Credit Card Debt Calculator

To use the calculator key in the box 1 to 3. The calculator will shows monthly minimum payment, total interest and duration to settle credit card debt.

Please bear in mind the following;

  • Minimum payment is 5% of total outstanding balance (debt) or RM50, whichever is higher.
  • Calculation does not taking into account of new monthly spending.

Credit card interest rate is as follow

  • 13.5% – pay credit card bills promptly for 12 consecutive months
  • 16.0% – pay credit card bills promptly for at least 10 out of 12 months
  • 17.5% – pay credit card bills promptly for less than 9 out of 12 months
  • Some banks or credit card have different rate. Check with your banks