← Back to all calculators
Debt PayoffCredit Card & Debt
Credit Card Interest Calculator — See Your True Cost
Calculate exactly how much interest you pay each month and year on your credit card balance.
Credit Card Interest Details
$5,000
$
22.99%
%
$150
$
Results
LiveAnnual Interest at Current Payment
$1,149
Monthly Interest Charge$96
Months to Pay Off54
Total Interest Paid$3,045
Monthly Interest Charge$96
Annual Interest at Current Payment$1,149
Months to Pay Off54
How to use
Change one assumption at a time to see what moves the answer most.
Frequently Asked Questions
Everything you need to know.
Related Calculators
Debt Payoff Calculator (Avalanche vs Snowball)
Debt Payoff
Compare the avalanche method and snowball method for paying off your debts.
Credit Card Payoff Calculator
Debt Payoff
See how long it takes to pay off your credit card balance and how much interest you'll pay.
Student Loan Payoff Calculator
Debt Payoff
See how extra payments can eliminate student debt years early.
Debt Avalanche vs Snowball Calculator
Debt Payoff
Compare the two most popular debt payoff strategies side by side.
Why This Matters
Credit card interest compounds daily. A $3,000 balance at 24% APR costs $720/year in interest — money that funds the bank, not your future. Seeing the real number motivates action.
How to Use It
- 1Enter your current balance
- 2Enter your APR (shown on your statement)
- 3See your monthly and annual interest cost
- 4See how much you save by paying down the balance
🗺️
Run Money Map Not sure where to start?
Money Map finds your biggest gap in 90 seconds — no sign-up required.
Ready to take the next step?
Compare rates, run Money Map, or explore the full SwitchWize toolkit.