Credit Card Payoff Calculator
See how long it will take to clear your credit card balance, how much interest you'll pay, and how much you save by paying more than the minimum.
Time to clear your balance
1 yr 1 mo
Total interest: AED 3,439
vs paying only the minimum due
- Time to clear
- 12 yr 3 mo
- Total interest
- AED 25,425
- You save by paying more
- AED 21,987
Minimum due assumed at 5% of the balance (at least AED 100). Real statements also add fees and calculate interest on daily balances, so treat these as estimates.
Frequently asked questions
What interest rate do UAE credit cards charge?▾
Most UAE banks charge between 2.99% and 3.99% per month on unpaid balances, which works out to roughly 36–48% a year. Islamic cards charge a comparable profit rate or fixed monthly fee instead of interest.
What is the minimum payment on a UAE credit card?▾
Usually 5% of the outstanding balance or AED 100, whichever is higher, plus any fees and instalment plan amounts. Paying only the minimum can take years to clear the balance.
Is a balance transfer worth it?▾
Often, yes. Many UAE banks offer balance transfers at 0% for 6–12 months or a low flat fee. As long as you clear the balance before the offer ends, you can save most of the interest shown in this calculator.
Does carrying a balance affect my credit score?▾
High utilisation — using a large share of your limit — can lower your AECB score, and missed payments hurt it more. Paying on time and bringing the balance down both help.
Guides
More calculators
Results are estimates for guidance only and don't constitute financial advice. Confirm exact figures with your bank or employer.