Credit Card Interest Calculator

Credit cards offer convenience and short-term flexibility, but unpaid balances can quickly turn into expensive debt due to high interest rates. Many users underestimate how interest is calculated when they pay only the minimum due or miss payments.

This credit card interest calculator helps you estimate the interest charged on outstanding credit card dues based on your balance, annual interest rate, and the number of months you delay payment. It clearly shows how quickly interest adds up, helping you decide whether to pay in full, part-pay, or avoid revolving credit altogether.

This calculator is useful for
• credit card users carrying unpaid balances
• people paying only the minimum due
• borrowers comparing credit cards
• anyone trying to reduce interest burden

Credit card interest rates are much higher than those of regular loans. Even a few months of unpaid balance can significantly increase your repayment amount.To understand the overall borrowing cost, use our Loan and Credit Calculator.

CONCLUSION

Credit cards are best used as a payment tool, not as a long-term borrowing option. Paying only the minimum due or delaying payments can result in high interest costs that grow quickly over time.

You can also compare loan alternatives using our Home Loan EMI Calculator. This credit card interest calculator helps you understand the true cost of revolving credit so you can make better repayment decisions. Wherever possible, aim to pay your full outstanding balance and use credit cards responsibly to avoid unnecessary interest. Credit card interest rules and charges are governed by guidelines issued by the Reserve Bank of India (RBI).

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