Featured Credit Card Offer
Earn 2% cash back on all purchases with no annual fee. Plus, get a $200 welcome bonus!
✓ No annual fee
✓ 0% APR for 15 months
✓ No foreign transaction fees
✓ Free credit score monitoring
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Credit Card Interest Calculator
Calculate your monthly interest and payoff timeline
Results
Monthly Interest
$15.82
Yearly Interest
$189.90
Total Interest Paid
$211.86
Time to Pay Off
2 years 1 months
Tips to Save on Interest
- • Consider transferring your balance to a 0% APR card
- • Pay more than the minimum payment whenever possible
- • Try to pay your full balance each month to avoid interest charges
Frequently Asked Questions
Featured Credit Card Offer
Get 0% APR for 18 months on balance transfers and earn 2% cash back on all purchases.
✓ No annual fee
✓ $200 welcome bonus
✓ Free credit score monitoring
Advertisement - This offer may be from our partners
Credit Card Calculator Guide
Our comprehensive credit card calculator suite helps you make informed decisions about your credit cards. Whether you're considering a balance transfer, calculating rewards, or planning debt repayment, our tools provide accurate estimates and actionable insights.
Understanding Credit Card Interest
Credit card interest is typically calculated using your average daily balance and the card's Annual Percentage Rate (APR). Our calculators help you understand how interest accumulates and the impact of different payment strategies on your total costs.
Maximizing Credit Card Rewards
Credit card rewards programs offer various benefits, from cash back to travel miles. Use our rewards calculator to compare different cards and optimize your spending across categories to maximize your earnings.
Balance Transfer Strategies
Balance transfers can help you save money on interest charges. Consider factors like transfer fees, promotional APR periods, and your repayment timeline when evaluating balance transfer offers.
Key Terms
- APR (Annual Percentage Rate): The yearly interest rate charged on credit card balances
- Balance Transfer: Moving debt from one credit card to another
- Cash Back: A reward program that returns a percentage of purchases as cash
- Minimum Payment: The lowest amount you must pay monthly to maintain your account in good standing
Featured Credit Card Offer
Earn 2% cash back on all purchases with no annual fee. Plus, get a $200 welcome bonus!
✓ No annual fee
✓ 0% APR for 15 months
✓ No foreign transaction fees
✓ Free credit score monitoring
Advertisement - This offer may be from our partners