📊 Credit Card Interest Calculator
Calculate daily and monthly interest charges on your credit card balance based on APR and payment timing
💳 Credit Card Payoff Calculator
Calculate how long it will take to pay off your credit card debt and how much interest you'll pay
💡 Credit Card Payoff Tips
- • Pay more than the minimum to reduce interest costs significantly
- • Consider balance transfer to a lower APR card
- • Stop using the card while paying it off
- • Pay twice monthly to reduce average daily balance
- • Focus on highest APR cards first (avalanche method)
- • Consider debt consolidation for multiple cards
How to Use
1. Enter your credit card balance
2. Input the annual percentage rate (APR)
3. Set your average daily balance
4. Calculate daily interest charges
5. View monthly finance charges
6. Understand compound interest impact
Features
✓ Daily interest rate calculation
✓ Monthly finance charge estimation
✓ Average daily balance method
✓ Compound interest visualization
✓ APR to daily rate conversion
✓ Interest cost projections