Credit Card Interest Calculator
Calculate your total credit card interest and create a payment plan
Understanding Credit Card Interest
How Credit Card Interest Works
Credit card interest is typically calculated daily and charged monthly. The daily periodic rate is your annual percentage rate (APR) divided by 365. This rate is applied to your average daily balance.
Tips to Reduce Interest
- Pay more than the minimum payment each month
- Consider balance transfer cards with 0% intro APR
- Pay your balance in full when possible
- Negotiate with your credit card company for a lower rate