FREE ONLINE CALCULATOR

Credit Card Interest Calculator

Estimate your daily interest, monthly interest, and payoff time based on your balance, APR, and payment.

Estimated daily interest$0.00
Estimated interest this cycle$0.00
Estimated payoff time—
Total interest to pay off—
Show payment schedule
MonthStarting balanceInterestPaymentEnding balance

This is an estimate, not a statement from your card issuer. Actual interest can vary based on daily balances, fees, grace periods, transaction dates, and your card agreement.

How is credit card interest calculated?

Many credit card issuers use a daily periodic rate. This calculator estimates it as APR divided by 365, then applies it to your balance. Your actual issuer may use a different method.

What is a minimum payment?

A minimum payment is the smallest amount your card issuer requires. Issuers use different formulas, so this tool estimates it as monthly interest plus 1% of the balance, with a $25 floor.

What is APR?

APR is the annual percentage rate on your card. A higher APR means carrying a balance costs more over time. Paying more than the minimum can reduce both your payoff time and total interest.