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Credit Card Interest Calculator

If you don't pay off your credit card balance each month, you're paying more than you should in interest. But how much? Enter your credit card balance, your interest rate, and an average monthly payment OR a time period to see how much interest you'd actually pay based on your monthly payment or in a specific period of time.

Enter your current credit card balance
Enter your credit card's interest rate shown as APR on your credit card statement
Enter your average monthly payment, in dollars. If you leave this blank, the calculator will use the selected period of time in this calculation
Over what time period in months would you like to calculate your interest charges?
You will pay $ in interest to pay off this debt.
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*Disclaimer: Savings vary depending on account usage and payment behavior.

How we calculate savings: Our algorithm factors in the introductory balance transfer rate, length of the introductory period, balance transfer fee, ongoing interest rate, annual fee and data entered into the filter in order calculate savings and the time needed to pay off a balance. The algorithm is designed to yield reasonably accurate results.