Credit card payoff calculator
UAE card rates are quoted per month; the median in our data is shown below. Paying only the minimum keeps most of the balance on the card, so interest compounds for years. A fixed monthly payment clears the same balance far faster.
Median monthly rate across the 174 cards we track: 3.69%.
Interest if you pay only the minimumAED 46,123
- Time to clear, minimum only
- 15 yr 10 mo
- Time to clear, fixed payment
- 1 yr 1 mo
- Interest, fixed payment
- AED 5,422
- Interest saved
- AED 40,701
The rules this calculator uses
- No CBUAE rule sets a minimum-payment percentage. Banks must disclose the minimum payment due, how long it would take to clear the balance paying only the minimum, and a warning.Not set by law, so the calculator uses a stated assumption: CBUAE Consumer Protection Standards (Circular No. 8/2020, N 1158/2021)
- The credit card late payment fee is capped at AED 230.Confirmed in the official text: CBUAE Regulation No. 29/2011, Appendix No. 2 (Credit Cards)
- Interest on personal loans, car loans, overdrafts and card balances must be calculated on the reducing balance, on an annual basis (365-day year), and advertised that way.Confirmed in the official text: CBUAE Regulation No. 29/2011, Article 6(a)-(b)
Results are estimates for comparison. Banks and employers may apply further conditions of their own.