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Use your credit card balance and interest rate to see how much your interest charges would be for a month.
Use our credit card interest calculator to see how much interest you would be charged per billing cycle. Enter your balance and APR to see the charges.
Use the credit card interest calculator to estimate how much interest you would need to pay if you happened to carry an unpaid balance on your credit card. This device's high specification allows you to examine and compare the interest payments in different repayment scenarios .
Check Now. Here’s what would happen if you adjusted the monthly payments: How the calculator works. This calculator factors in a balance, interest rate (APR) and monthly payment amount to estimate a payoff period and the total interest paid. Our Credit Card Payoff Calculator assumes the following:
Currently, credit card interest rates range from 5.75% to 36% for new applicants. The average interest rate among credit card offers is 23.00%, as of November 2024, 0.18% lower than the prior month. The interest rates on existing credit card accounts are a bit lower.
The average credit card interest rate is 28.65%, according to Forbes Advisor’s weekly credit card rates report. The Federal Reserve keeps tabs on the average interest rate that U.S. consumers...
In this example of a $1,000 balance, your monthly interest rate is 1.75% or a monthly cost of $17.50. To break it down into daily interest, divide the APR by 365, giving you an interest rate in this example of approximately 0.06% or a daily cost of around 58 cents per day. Of course, these numbers assume that you keep your balance at $1,000.
The average credit card interest rate is 23.00% for new offers and 21.76% for existing accounts, according to WalletHub’s Credit Card Landscape Report. The average interest rate among new credit card offers has increased by nearly two percentage points since 2010. 2024's Best Credit Card Rates.
Using a low interest credit card can save you big while helping you minimize debt or get rid of it more quickly. See our expert recommendations.
The best credit card rates are 0% APRs that last for 15 months or longer. Credit cards offering 0% rates on new purchases can be interest-free for about 11 months on average, and balance transfer cards average around 13 months with 0% rates. The best regular interest rates on credit cards are below 14%.