Calculatorsarrow iconCredit Card Interest Rate Calculator

Credit Card Interest Rate Calculator

Planning to spend more than you can repay on your credit card? This calculator is the bearer of bad news. Calculate how much interest you're paying on your credit card bills if you don’t pay the whole amount.

How it works

This Fi Money credit card interest rate calculator helps you calculate how much interest you will pay on your credit card balance over a certain period of time, if you don’t pay the whole amount. You can use this calculator to see what happens if you pay just the minimum amount or any other amount that’s lesser than the whole amount due.

Let’s say you plan on buying an iPhone, but do not plan on paying the whole amount due on your credit card at the end of that month. And let’s say you continue using your card every month thereafter. This calculator then tells you how much you’ll have to pay as interest at the end of a certain number of months, giving you a sense of your repayment duration.

FAQs

What is a credit card interest rate calculator?

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How to use a credit card interest rate calculator?

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How can a credit card interest rate calculator help you save money?

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Is it a good idea to only make minimum payments on my credit card to save on interest?

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Disclaimer: The above content is for informational purposes only and is not meant to be taken as investment, financial, or any other kind of advice. This is not a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments.

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