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Credit Card Payoff Calculator: Ireland

See how long a credit card takes to pay off at your APR, the interest it costs, what minimums really cost, and the payment to be debt-free by a date.

Reviewed by CentExactRates effective 1 sourceCalculated in your browser. Shared links include inputs.

Ireland: the annual stamp duty on the card itself

Irish minimum payments follow the common European shape: the greater of about 3% of the balance or a small flat amount of around €6, with the month's interest taken from within that percentage rather than added to it. There is no statutory ceiling on the rate.

The Irish oddity is a charge that has nothing to do with the balance. The State levies stamp duty of €30 a year on every credit card account, collected in arrears by the issuer and passed on whether the card is used or not. It is charged per account rather than per card, so two cards on one account attract one €30 charge, and it is why closing a dormant Irish card is worth doing: an unused account still costs €30 a year. Switching accounts within a year does not double the duty, but only if you hand the letter of closure from the old issuer to the new one.

That €30 does not appear anywhere in the calculator above, which models interest and principal only. Add it to the total cost of any Irish plan that runs for more than a year, along with any annual fee the card charges on top.

For how the calculation works, the formula behind it and what it leaves out, see the full guide. For help interpreting a result or comparing it with a quote or statement, read the questions and answers.

Data sources

Irish consumer finance conventionsCitizens InformationWithin its effective period

Every document each dataset was read from, its notes and how the figures were checked are listed in the guide's data sources.

This calculator in other countries

Each country has its own rates, thresholds and rules, and its own page that runs the calculator on them and cites the official sources they came from.

CentExactCalculator publisher

CentExact publishes the calculation method, worked examples and available data sources. Automated checks cover reference calculations; they do not certify a result for your circumstances or imply approval by a lender or tax authority.

How we build and test our calculators

This calculator is for general information only and is not financial advice. Results are estimates based on the figures you enter and the stated formula; lenders and providers may round or calculate differently. Check any decision with the institution involved or a qualified adviser.