Credit Card Interest Calculator
Example: Balance ₹15,000, Annual Rate 24%, Billing Cycle 30 days, Grace Period 20 days, Payments ₹5,000.
Result
Enter values and click Calculate
📘 Frequently Asked Questions – Credit Card Interest Calculator
❓ What is a Credit Card Interest Calculator?
📊 A Credit Card Interest Calculator helps you estimate the interest charges on your outstanding credit card balance based on the APR and billing cycle.
🧮 How is credit card interest calculated?
💡 Interest is typically calculated daily based on your average daily balance and then applied monthly using the formula:
Interest = Average Daily Balance × Daily Periodic Rate × Number of Days in Billing Cycle.
🔄 Can I calculate interest for different billing cycles?
📅 Yes! Most calculators allow you to specify the billing cycle length and payment dates to accurately estimate interest.
⚡ Why use an online credit card interest calculator?
⏱️ It helps you understand how much interest you’ll owe, plan payments to reduce interest charges, and manage your credit card debt more effectively.
📱 Is this credit card interest calculator mobile-friendly?
📲 Yes! It is designed to work smoothly on desktops, tablets, and mobile devices.