Calculate Credit

How interest adds up over time

Tell us your average balance and the interest rate on your card, and see how much the interest could be costing you. Then see how much you could save by paying down your balance. Here's how it works:

1. Input Your Data:

• - Enter your average balance you carry in a typical month and the interest rate on your credit card.

  2. View Your Current Interest Charges: 

• - The calculator shows your monthly interest charge, interest over 1 year, and interest over 5 years based on the entered balance and rate.

  3. Explore Savings by Paying Down Balance: Choose a percentage to see how reducing your balance can:

• - Decrease your monthly interest charges.
• - Save on interest over 1 year and interest over 5 years.

This tool provides an easy way to visualize your potential savings by managing your credit card balance more effectively!