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Credit Card Calculators

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.)

What is the balance on your current credit card?

$

 

What is the interest rate (shown as APR on your credit card statement) of your current credit card?

 %

What is the interest rate (APR) of the credit card you may apply for?

 %

For what period of time would you like to see savings with the new credit card?

 


You could save
$  by using the new credit card over the time period you chose.

 

More Credit Card Calculators

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420

 

* variable rate = credit card interest rate changes in line with federal interest rates or other rate index; fixed rate = credit card rate stays the same regardless of changes in federal rates, but still may be changed by credit card issuer in the future.

** See the online Discover credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on Discover's website.

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