Credit Card repayment calculator

Use our credit card repayment calculator to work out how soon you could pay off your card balance and how much interest you'll likely pay.

 

We’ve set this to your minimum repayment amount*

The Detail

Calculations provided are an estimate only. They do not include fees, charges or any promotional offers that may be applicable and assume that your monthly repayment amount is never overdue. Any additional transactions you make, including purchases or balance transfers, or interest rate changes that occur during the repayment period are not taken into consideration in the estimate provided.

*If your statement shows a closing balance, the minimum repayment will be 2% of the closing balance (rounded up to the nearest dollar) or $10, whichever is greater, plus the greater of any unpaid past due amounts from previous statements or any amount that exceeds your approved credit limit.

^This estimate does not include fees and charges that may apply to your credit card.

1. The promotional balance transfer rate is available when you apply for a new Bank of Melbourne Vertigo Platinum credit card between 3rd May 2017 and 20th September 2017 and request at application to transfer balance(s) from up to 3 non-Bank of Melbourne, St.George Bank and BankSA Australian issued credit, charge or store cards. The variable purchase interest rate applies to balance transfers requested at any other time. Switches, upgrades, customers accessing employee benefits or existing packaged cards are ineligible. The balance transfer rate is not available in conjunction with any other promotion unless specified. Promotional rate will apply to any balance(s) transferred (min $200 up to 95% of your approved available credit limit) for the promotional period, unless the amount is paid off earlier. The variable purchase rate will apply to balance(s) transferred but left unpaid after the promotional period. Card activation will trigger the processing of the balance transfer. Bank of Melbourne, St.George Bank and BankSA will not be responsible for any delays that may occur in processing payment to your other card account(s) and will not close the account(s). Interest free days don’t apply to balance transfers.

2. QBE Insurance (Australia) Limited ABN 78 003 191 035 AFSL 239545 has issued an insurance group policy to Westpac Banking Corporation ABN 33 007 457 141 which allows eligible Bank of Melbourne, St.George Bank and BankSA account holders and cardholders to claim under it as third party beneficiaries. The terms, conditions, limits and exclusions, of the group policy, are set out in the Credit Card Complimentary Insurance Terms and Conditions, which may be amended from time to time. Westpac does not guarantee the insurance. You can get a copy of the policy booklet by calling 13 33 30 or download the Credit Card Complimentary Insurance Terms and Conditions.

3. Visa Platinum/Concierge ("Concierge") is serviced by a third party supplier. By accessing or using the Concierge, or attempting to do so, you are deemed to have understood and agreed to the terms of usage.