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Facing credit card debt? We can help.

Whatever your financial situation, paying down debt is the first step to saving money. Our handy calculator will put you on the path to financial freedom.

Use Our 7-Step Credit Card Debt Calculator

Don’t let your credit card debt intimidate you

When it comes to financial responsibilities, racking up credit card debt can be easier than paying it off. Especially when charging your credit card has never been more convenient. With a tap, swipe or click, overspending is almost effortless.

If you find yourself in credit card debt, try our credit card debt calculator. Whether you can only pay the minimum each month or you are looking to quickly eliminate your debt,’s debt calculator is a unique tool that will help determine how long it will take for you to pay off your current credit card debt – and how much you’ll have to pay each month. It’s easy to use and takes a few simple steps.

How to use’s credit card debt calculator

Our convenient credit card debt calculator is designed to show you when you’ll repay your debt in full, and how much interest you’ll accumulate as you’re paying it off and offer repayment solutions. You’ll receive comprehensive – yet, easy-to-understand – results that are personalized to your individual spending habits. Don’t worry, your information is always confidential.

See how long it will take until you’re debt-free. Here’s how to use our debt calculator:

  1. Press start and choose your current credit card.
  2. Next, input the current balance on your credit card. A credit card balance is the amount of money owed to the credit card company. If you don’t remember exactly how much your balance is, review your online banking account or credit card statement.
  3. If you have more than one credit card, add them along with its current balance. The calculator accommodates up to three credit cards.
  4. Use the sliders to indicate your annual income.
  5. Determine how much you can put toward your credit card debt each month. If you don’t know exactly how much you can afford to pay off, create a monthly budget for yourself that adds up to or is less than the total amount of money you take home each month. Your budget should include items such as groceries, transportation, living expenses, credit card debt repayment and entertainment.
  6. After that, answer whether or not you are going to continue to spend on your credit card while you pay it off. If you are but you are not exactly sure how much you spend on your credit card each month, take this time to review the last four months of your online banking and credit card statements. Then add up your total spending and divide the totals by four. That’s the average amount you’ve spent over the last four months, so adjust the slider to reflect your spending.
  7. Finally - your results. Based on your input, we’ve provided key information for you to make informed decisions. You’ll find out how long it will take to pay off your credit card debt, how much you will have to pay back each month, how much interest you will be accruing, and we also provide recommendations on low interest and low balance transfer credit cards that will make your repayment, easier.

Credit Card Debt Success Stories

  • “I switched to a low interest credit card and paid it off within a year. Now I can finally save what I earn.” Amir, Halifax
  • “My new credit card offered no interest charges for the first six months. It gave me the breathing room I needed to pay off the debt” Carrie, Pelee Island

Who provides your current credit card?

  • American Express BMO Bank of Montreal Canadian Tire CIBC Home Trust Company KOHO MBNA PC Financial Scotiabank Tangerine TD Canada Trust Walmart Other

Which card is yours?

What's the balance on this card?

Would you like to add another card?

What is your annual income?

How much can you put towards your credit card debt each month?

Are you going to continue to spend on your credit card while you pay it off?

How much do you spend on your credit card each month?

Do you want an email copy of your results?

No thanks, just show me my results »

Here are your results and options!

Based on your input, it will take to pay off your current debt.

Warning! You can not pay off this debt!

Based on the information provided your debt will grow faster than you can pay it off. Consider increasing your monthly payments.

Increase your monthly payments to reduce the time it will take you to pay off your debt.