Note: As of September 2010, regulations require banks and other federally regulated financial institutions to show an estimate on your credit card statement of how long it will take you to pay your balance if you make only the minimum payments.

This is the number of months by which you would like to have completely paid off this credit card balance. Estimate length of repayment, in months.

Credit card calculator. Summary of the best low interest rate credit cards. You’re closer to being debt-free than you think. Trying to pay down a large credit card balance?

Total Interest paid approximately The results above are based on you paying a fixed amount each month. By lining up credit card offers in this fashion, it is easy to identify hidden costs associated with some cards. ... (APR) tells you how much your credit card provider is charging for the card. First, here is a summary of the best low interest credit cards in Canada. Calculate the total credit card interest payable. The credit card payment calculator compares 3 differenct payment options to pay off your credit card balance. Below are the simple steps you take when working with our calculator: First we calculate the payoff date for each of your respective loans individually, taking into account the loan amount, interest rate, and payment amount. Use these credit card repayment calculators to work out effective strategies to pay off your credit card debt.

They do this by hiding the true cost of the debt in low monthly payments, introductory rates and cash back.

... Let's say you had a credit card with an interest rate of 12% and an annual fee of $30 2.

And that’s where our credit card interest calculator comes in.

But if you pay the minimum payment* shown on your statement each month (which changes as the balance changes) - it will take around and you’ll pay an estimated in total interest. Credit Card Interest Calculator This calculator will show you how much interest you will end up paying if you make only the minimum required payment on your credit card debt. Our repayment calculator will show you how much time and interest you could save by making a small change to your monthly payments on your credit card balance.

The CardRatings credit card interest calculator is an easy way to do this.

Switch to FNB Do it now! Simply input the variables, click the “Calculate Credit Card Interest” button, and you'll learn not only the total amount of interest you'll pay, but also: The amount of your next payment that will be applied to principal Credit Card Interest Calculator Paying off your credit card debts can be very overwhelming and you may think there is no light at the end of the tunnel. We've built a credit card interest calculator to help facilitate your calculations. Scenario 2: Making the minimum credit card payments plus an additional payment every … Enter the relevant values for your credit card. Fortunately, this Credit Card Interest Calculator makes the math easy. In keeping with the regulations, those estimates may be made by rounding your balance up to the next $100 (for example, $520 would be rounded up to $600).

Enter the credit card interest rate (in percentage).