learn.howToCalculate
learn.whatIsHeading
A credit card calculator shows how long it takes to pay off a balance and how much interest accrues, with options for minimum payment versus fixed monthly payment strategies.
Wzór
Interest = balance × (APR / 100 / 12) × months; Total payment = principal + interest
- B
- Card balance (currency)
- APR
- Annual Percentage Rate (%)
- I
- Interest charge (currency)
Przewodnik krok po kroku
- 1Interest compounds monthly at APR/12
- 2Minimum payment: typically 1–2% of balance or a fixed floor
- 3Fixed payment: reduces balance faster, saves significant interest
- 4Avalanche: pay highest APR first; Snowball: pay smallest balance first
Rozwiązane przykłady
Wejście
$3,000 balance, 24% APR, minimum payment ~$60
Wynik
Payoff: 7+ years; Total interest > $2,000
Często zadawane pytania
What's the difference between APR and interest rate?
APR includes fees and is more realistic. Nominal rate = APR without fees. APR typically higher.
How is credit card interest calculated?
Daily balance method: (balance × daily APR × days in period). APR / 365 = daily rate.
Can paying minimum balance avoid interest?
No. Interest accrues on remaining balance. Minimum payments mostly cover interest, little principal.
Gotowy do obliczeń? Wypróbuj darmowy kalkulator Credit Card
Spróbuj sam →