If you’re carrying debt on your credit card, you’re not alone. According to the New York Federal Reserve, Americans owe $1.21 trillion in revolving credit card debt as of the fourth quarter of ...

Why use this calculator? Your initial instinct may be to ignore your mounting credit card debt and put off paying down purchases. But facing your debt head-on is the first, most crucial step.

Our credit card interest calculator lets you choose a number of days from 28 to 31. If you aren't sure, 30 days is a good default; ...

Credit card balances in the U.S. hit a record high $1.21 trillion at the end of last year, according to the Federal Reserve Bank of New York. A separate report from TransUnion found the average ...

Freedom Debt Relief reports credit card limits aren’t keeping pace with debt, stressing residents in Kentucky, Alabama, and ...

Credit cards charge interest, known as APR, if you carry a balance past your due date. Here's a step-by-step guide on how to calculate your credit card interest.

To calculate your credit card interest using the average daily balance method, divide your annual percentage rate by 365 to determine the daily interest rate.

Use our credit card balance transfer calculator to get a sense of how much you could save by moving debt from a high-interest card to one with a 0% intro APR.

To calculate monthly interest charges, credit card multiply a cardholder’s average daily balance during each billing cycle (a fixed period of 28 to 31 days) by the daily rate.