Credit Card Interest Calculator Singapore 2026
See exactly how long it takes to pay off your credit card debt and how much interest you'll pay. Compare minimum payment vs fixed payment strategies. Singapore standard rate: 26.9% p.a.
Your Credit Card Details
SG standard: 26.9% p.a. (DBS, OCBC, UOB, Citi)
Time to Pay Off
3 yrs 2 mo
Paying S$200.00/month
Month-by-Month Schedule
| Month | Opening Balance | Interest | Payment | Closing Balance |
|---|---|---|---|---|
| Month 1 | S$5,000.00 | S$112.08 | S$200.00 | S$4,912.08 |
| Month 2 | S$4,912.08 | S$110.11 | S$200.00 | S$4,822.20 |
| Month 3 | S$4,822.20 | S$108.10 | S$200.00 | S$4,730.29 |
| Month 4 | S$4,730.29 | S$106.04 | S$200.00 | S$4,636.33 |
| Month 5 | S$4,636.33 | S$103.93 | S$200.00 | S$4,540.26 |
| Month 6 | S$4,540.26 | S$101.78 | S$200.00 | S$4,442.04 |
| Month 7 | S$4,442.04 | S$99.58 | S$200.00 | S$4,341.62 |
| Month 8 | S$4,341.62 | S$97.32 | S$200.00 | S$4,238.94 |
| Month 9 | S$4,238.94 | S$95.02 | S$200.00 | S$4,133.96 |
| Month 10 | S$4,133.96 | S$92.67 | S$200.00 | S$4,026.63 |
| Month 11 | S$4,026.63 | S$90.26 | S$200.00 | S$3,916.90 |
| Month 12 | S$3,916.90 | S$87.80 | S$200.00 | S$3,804.70 |
Singapore Credit Card Debt — Key Facts
26.9% p.a. is the standard rate across DBS, OCBC, UOB, and Citi. Some cards charge up to 29.9% p.a.
Late payment fee: S$100 if minimum payment is not met by due date.
Cash advance: Typically 6–8% one-time fee + 29.9% p.a. — avoid entirely.
Balance transfer: Many banks offer 0%–3.5% p.a. promotional rates for 6–12 months. Can significantly reduce interest if you commit to paying off the balance during the promo period.
The True Cost of Credit Card Debt in Singapore
At 26.9% per annum, credit card debt is one of the most expensive forms of borrowing in Singapore — far more than personal loans (5–10% p.a.), HDB concessionary loans (2.6% p.a.), or CPF OA rate (2.5% p.a.). Every month you carry a balance, you pay approximately 2.24% in interest charges.
| Balance | Monthly Interest | Yrs to clear (min. payment) | Total interest (min. payment) |
|---|---|---|---|
| S$1,000 | S$22 | ~5 years | ~S$500 |
| S$3,000 | S$67 | ~12 years | ~S$2,000 |
| S$5,000 | S$112 | ~16 years | ~S$4,000 |
| S$10,000 | S$224 | ~20 years | ~S$9,000 |
| S$20,000 | S$448 | ~25 years | ~S$22,000 |
How to Get Out of Credit Card Debt in Singapore
Step 1 — Stop adding to the balance. Switch to debit or cash for new purchases while paying down existing debt. Every new charge at 26.9% compounds your problem.
Step 2 — Pay above the minimum. Even paying S$50–100 more than the minimum each month dramatically reduces your payoff timeline. Use this calculator to see the impact.
Step 3 — Consider a balance transfer. If you have S$5,000+ in credit card debt, many Singapore banks offer balance transfer promotions at 0%–3.5% p.a. for 6–12 months. This buys you time to pay down principal without interest piling up. DBS, OCBC, UOB, Standard Chartered, and Citibank all offer this.
Step 4 — Use personal loan if needed. A personal loan at 5–10% p.a. (effective) is far cheaper than 26.9% credit card debt. If you have multiple cards, consolidating into a personal loan and closing the cards can save thousands.
Step 5 — Seek help if overwhelmed. Credit Counselling Singapore (CCS) offers free, confidential debt counselling and can negotiate with banks on your behalf. Their Debt Management Programme (DMP) has helped thousands of Singaporeans clear debt systematically.