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Question: How much interest am I paying when I revolve balances?

If you don't pay off your credit card balance each month, you're paying more than you should in interest. But how much? Enter your credit card balance, your interest rate, and an average monthly payment, then choose a time period to see how much interest you'd actually pay over that span.

Enter your current credit card balance
$  
Enter your credit card's interest rate (shown as APR on your credit card statement)
 %
Enter your average monthly payment, in dollars. (If you leave this blank, the calculator will use 3% of the balance in this calculation)
$  
Over what time period would you like to calculate your interest charges?
Calculate
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Discover it®
Editor's Rating:4 Stars
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Balance Transfer 0% intro APR
14 months
3% fee
Regular APR 
10.99% - 22.99% Variable*
 
Intro APR 14 months
0% on purchases
Annual Fee
 $0
Credit Needed
Excellent
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Discover it® - 18 Month Balance Transfer
Editor's Rating:5 Stars
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Balance Transfer 0% intro APR
18 months
3% fee
Regular APR 
10.99% - 22.99% Variable*
 
Intro APR 6 months
0% on purchases
Annual Fee
 $0
Credit Needed
Excellent
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Citi® Diamond Preferred® Card
Editor's Rating:5 Stars
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Balance Transfer 0%*
18 months on Balance Transfers*
3% of each balance transfer
($5 minimum)
Regular APR Variable
11.99% - 21.99%*
 
Intro APR 18 months on Purchases*
0%*
Annual Fee
 $0*
Credit Needed
Excellent
Citi Simplicity® Visa® Card
Editor's Rating:4 Stars
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Balance Transfer 0%*
18 months on Balance Transfers*
3% of each balance transfer
($5 minimum)
Regular APR Variable
12.99 - 21.99%
 
Intro APR 18 months on Purchases*
0%*
Annual Fee
 $0*
Credit Needed
Excellent
Citi® Dividend Platinum Select® Visa® Card - $100 Cash Back
Editor's Rating:5 Stars
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Balance Transfer 0%
12 months*
3% of each balance transfer
($5 minimum)
Regular APR Variable
12.99% - 22.99%*
 
Intro APR 12 months*
0%
Annual Fee
 $0*
Credit Needed
Excellent
Simmons First Visa® Platinum
Editor's Rating:5 Stars
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Balance Transfer 7.25% Variable

No balance transfer fee
Regular APR Variable
7.25%
 
Intro APR 
None
Annual Fee
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Credit Needed
Excellent
Citi ThankYou® Card
Editor's Rating:4 Stars
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Balance Transfer 0%*
15 months on Balance Transfers
3% of each balance transfer
($5 minimum)
Regular APR Variable
12.99% - 22.99%*
 
Intro APR 15 months on Purchases
0%*
Annual Fee
 $0*
Credit Needed
Excellent
Mutual of Omaha Bank Platinum Rewards MasterCard®
Editor's Rating:5 Stars
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Balance Transfer 9.99%-20.99% Variable

None
Regular APR Variable
9.99%-20.99%
 
Intro APR 
N/A
Annual Fee
 None
Credit Needed
Excellent
PenFed Promise Visa® Card
Editor's Rating:4 Stars
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Balance Transfer 4.99%*
promotional rate for the life of the balance on transfers made from April 1, 2013 through June 30, 2013
No balance transfer fee
Regular APR Variable
9.99%
 
Intro APR 36 months
7.49%
Annual Fee
 $0
Credit Needed
Excellent
Simmons First Visa® Platinum Rewards
Editor's Rating:4 Stars
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Balance Transfer 9.25% Variable

No balance transfer fee
Regular APR Variable
9.25%
 
Intro APR 
None
Annual Fee
 None
Credit Needed
Excellent
Citi Simplicity® Card
Editor's Rating:5 Stars
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Balance Transfer 0%*
18 months on Balance Transfers*
3% of each balance transfer
($5 minimum)
Regular APR Variable
12.99-21.99%
 
Intro APR 18 months on Purchases*
0%*
Annual Fee
 $0*
Credit Needed
Excellent
Citi ThankYou® Preferred Rewards Card
Editor's Rating:5 Stars
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Balance Transfer 0%*
12 months on Balance Transfers
3% of each balance transfer
($5 minimum)
Regular APR Variable
12.99% - 22.99%*
 
Intro APR 12 months on Purchases
0%*
Annual Fee
 $0*
Credit Needed
Excellent
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