Finance

Finance Charge Calculator (Credit Card Interest)

Work out the monthly finance charge on a credit card balance. Enter the APR, billing cycle length, and pick one of three balance methods.

How to use
  1. Enter your balance and APR.
  2. Set the number of days in the billing cycle.
  3. Choose the balance method: average daily, adjusted, or previous.
Estimates for general information, not financial advice. Confirm figures before making money decisions.
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Common questions

What is a finance charge?

It is the interest cost your card issuer adds for carrying a balance, based on your APR and how the balance is measured during the cycle.

Which balance method costs the most?

The previous balance method usually charges the most because it ignores payments made during the cycle, while the adjusted balance method tends to charge the least.

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