Credit Card Interest Calculator
See how much a credit card balance actually costs you in interest.
Ongoing Interest Cost
Interest Charged Per Month$104
Interest Charged Per Year$1,403
How Long Minimum Payments Take
≈ 2.0% of balance
At this percentage, the minimum payment never covers the monthly interest — the balance would never be paid off. Try a higher percentage.
Plan a Fixed Payoff
Required Monthly Payment$199
Total Interest for This Plan$2,156
Total Paid for This Plan$7,156
Estimate assumes the balance stays constant and interest compounds monthly.
Better credit means better rates on everything above.
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