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Home >  Credit Card Calculators  > Credit Card Calculator: How Much Interest Am I Paying When I Revolve Balances?

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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Balance Transfer 0%
12 months
0%
Regular APR Variable
10.99-19.99%
 
Intro APR 12 months
0%
Annual Fee
 $0
Credit Needed
Excellent
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Up to 1%
Other
Up to 1%
Advertiser Comments
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Balance Transfer 0%
Up to 12 months*
No fee!
Regular APR Variable
11.99% - 21.99%
 
Intro APR Up to 12 months*
0%*
Annual Fee
 None
Credit Needed
Excellent/Good
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Balance Transfer 0%
18 months
3% fee
Regular APR Variable
10.99% - 20.99%
 
Intro APR 6 months
0%
Annual Fee
 $0
Credit Needed
Excellent
Discover® More® Card
Editor's Rating:5 Stars
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Balance Transfer 0%
15 months
3% fee
Regular APR Variable
10.99% - 20.99%*
 
Intro APR 15 months
0%
Annual Fee
 $0
Credit Needed
Excellent
Discover® MotivaSM Card
Editor's Rating:4 Stars
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Balance Transfer 0%
15 months*
3% fee
Regular APR Variable
10.99% - 20.99%*
 
Intro APR 15 months*
0%
Annual Fee
 None
Credit Needed
Excellent
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Balance Transfer 0%
12 months
3% fee
($5 min)
Regular APR Variable
11.99% - 22.99%
 
Intro APR 6 months
0%
Annual Fee
 None
Credit Needed
Excellent
Miles by Discover® Card
Editor's Rating:4 Stars
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Balance Transfer 0%
6 months
3% fee
Regular APR Variable
10.99% -16.99%
 
Intro APR 6 months
0%
Annual Fee
 $0
Credit Needed
Excellent
Escape by Discover Card
Editor's Rating:4 Stars
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Balance Transfer 0%
6 months
3% fee*
Regular APR Variable
10.99% - 16.99%
 
Intro APR 6 months
0%
Annual Fee
 $60
Credit Needed
Excellent
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Balance Transfer 0%
Up to15 months*
3% fee
($5 min)
Regular APR Variable
11.99% - 21.99%
 
Intro APR Up to 15 months*
0%
Annual Fee
 None
Credit Needed
Excellent
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Balance Transfer 7.25%
life of balance

Regular APR Variable
7.25%
 
Intro APR life of balance
7.25%
Annual Fee
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Credit Needed
Excellent
PenFed Promise Visa Card
Editor's Rating:4 Stars
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Balance Transfer 7.49%
24 months* on transfers made July 1, 2011 to Dec 31, 2011

Regular APR Variable
9.99%
 
Intro APR 36 months
7.49%
Annual Fee
 None
Credit Needed
Excellent
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Balance Transfer 9.25%
life of balance

Regular APR Variable
9.25%
 
Intro APR life of balance
9.25%
Annual Fee
 None
Credit Needed
Excellent

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