Credit Card Calculator

Interest and payoff calculator

BSP rules cap monthly finance charges at 3%. This planner helps you estimate how long payoff will take, how much interest you will pay, and how each payment reduces your balance.

Current Balance (PHP)

Monthly Interest Rate (%)

BSP cap reference: 3% monthly

Monthly Payment (PHP)

Managing Credit Card Debt

Credit cards are flexible, but carrying a balance can become expensive quickly. A payoff plan gives you a clear view of how interest affects your debt and how much faster you can finish by increasing your monthly payment.

Practical Payoff Tips

Pay above the minimum: Minimum payments often barely dent the principal.
Pause new spending: Avoid adding fresh balances while paying down debt.
Target high-rate balances first: This usually lowers total interest fastest.
Review fees and promos: Balance transfers and restructuring can change your payoff path.

Common Card Charges in the Philippines

Finance charge: Subject to BSP caps and issuer terms
Late payment fee: Varies by bank and card product
Overlimit fee: May apply when you exceed your credit limit
Cash advance charge: Usually priced differently from regular purchases