Credit Card Interest Calculator
See how long paying off your card takes and how much interest and VAT you pay, fixed or minimum payment
Shown on your statement (not the CAT).
Used for the minimum payment.
How will you pay?
Time to pay off
1 year 5 months
Interest + VAT
MX$12,495.17
Total paid
MX$32,495.17
Paying only the minimum would take 8 years 7 months and cost MX$63,954.38 in interest. Paying MX$2,000.00 a month saves you MX$51,459.21.
Simulation with monthly interest = annual rate ÷ 12 on the balance, plus 16% VAT on interest, with no new purchases or fees. The minimum payment follows Banxico's rule: the greater of 1.5% of the balance plus interest and VAT, or 1.25% of the credit limit.
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Free Online Credit Card Interest Calculator
Credit Card Interest Calculator is a free online tool that allows you to see how long paying off your card takes and how much interest and vat you pay, fixed or minimum payment. It works directly in your browser, no installation or account creation needed.
Why use Credit Card Interest Calculator
- Completely free with no registration
- Works directly in your browser
- Does not store or share your data
- Instant and accurate results
- Compatible with phone, tablet and computer
How to use it in 3 steps
- 1
Balance and rate
From your statement.
- 2
Choose a payment
Fixed or minimum.
- 3
Compare
Time and interest for each.
Questions about Credit Card Interest Calculator
Why is the minimum payment so expensive?
It barely covers interest, so the balance shrinks very slowly.
Is VAT charged on interest?
In Mexico, 16% VAT applies to card interest.