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Question:
How much could I save with a lower interest credit card?
Enter
your current credit card balance, then the interest rate of
the credit card you have now and the interest rate on the
new card for which you are considering applying. Finally,
choose the time period for which you want to see your potential
savings and hit "Calculate" for the total. (Remember
that this calculator does not include any credit card purchases
you might make in the future, only the amount you could save
on interest charges given your current balance.)
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What is
the balance on your current credit card?
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$
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What is the interest rate (shown
as APR on your credit card statement) of your current
credit card?
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%
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What is the interest rate (APR)
of the credit card you may apply for?
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%
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For what period of time would
you like to see savings with the new credit card?
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You could save
$
by using the new credit card over the time period you
chose.
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