How to Calculate Credit Card Interest Rates

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How to Calculate Credit Card Interest Rates – This is a place for the community to provide tips and advice on How to Calculate Credit Card Interest Rates. This topic was created by R Taylor and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - How Is Credit Card Interest Calculated? - NerdWallet

Published: 9 years, 5 month(s) ago | Submitted by dnasuoht | permalink

So your bank tells you that your credit card has a 15% APR. What does that actually mean? How does your bank calculate your interest rate, and how does that…
Tags: credit cards, cd rates, savings, checking accounts, scholarships, airlines

For further reading: http://www.nerdwallet.com/blog/tips/credit-score/how-credit-card-interest-calculated/ ^[1]

Tip 2 - Credit Karma

Published: 9 years, 5 month(s) ago | Submitted by Arjan Pellenkoft | permalink

Determine how long it will take to become debt free. Debt repayment calculator analyzes your monthly payments, interest rates, and overall debt for free
Tags: dept repayment calculator

For further reading: https://www.creditkarma.com/calculators/debtrepayment ^[2]

Tip 3 - Credit Card Payoff Calculator | Interest.com

Published: 9 years, 5 month(s) ago | Submitted by Catherine Tripplehorn | permalink

Need to calculate the monthly payment amount to pay off your credit card? Use this credit card payoff calculator to determine how much you need to pay each month.
Tags: credit card payoff calculator, paying off a credit card

For further reading: http://www.interest.com/credit-cards/calculators/credit-card-payoff-calculator/ ^[3]