Credit Card Calculator
Calculate how long it will take to pay off your credit card debt and how much interest you'll pay. Compare different payment strategies to save money.
Credit Card Details
Payoff Results
Payment Breakdown
Understanding Credit Card Debt
How Credit Card Interest Works
Credit card interest is calculated daily based on your average daily balance. The annual percentage rate (APR) is divided by 365 to get the daily rate.
Minimum Payment Trap
Making only minimum payments can keep you in debt for decades. Most minimum payments are calculated as 2-3% of your balance, which barely covers the interest charges.
Debt Payoff Strategies
- Pay More Than Minimum: Even $25 extra can save thousands in interest
- Avalanche Method: Pay minimums on all cards, extra on highest APR
- Snowball Method: Pay minimums on all cards, extra on smallest balance
- Balance Transfer: Move debt to a lower interest rate card
💳 Credit Card Interest Calculator – Know Your Dues Before It’s Too Late
Credit cards offer convenience, rewards, and purchasing power — but if not managed carefully, they can quickly lead to high-interest debt. Our Credit Card Interest Calculator helps you understand how much interest you'll pay if you don't pay your full credit card bill on time.
This free tool lets you calculate your monthly interest, outstanding balance growth, and repayment timeline based on your spending and payment habits.
Why Use It?
- Avoid surprise charges
- Make smarter financial decisions
- Understand repayment options
- Compare different payment scenarios
How It Works
We use the daily interest method, which most credit card issuers follow. Based on your balance, APR, and monthly payment, we estimate:
- Monthly interest
- Total interest payable
- Time to repay debt
Example Calculation
If your balance is ₹50,000 at 36% APR and you pay ₹3,000 monthly, your monthly interest is ₹1,500 and your repayment will take nearly 23 months with over ₹13,000 in interest.
Tips to Reduce Credit Card Debt
- Always pay more than the minimum
- Avoid carrying forward balances
- Use balance transfer offers wisely
- Track your billing cycle and due dates
Frequently Asked Questions
- What is APR? Annual Percentage Rate – the interest charged on unpaid balances.
- Is this calculator free? Yes, 100% free with no registration.
- Does this affect my credit score? No, it's a simulation tool only.
- Can I use it for multiple cards? Yes, just enter details for each card individually.
This tool empowers you to understand your financial obligations and pay off debt faster.