Low Balance, High Rate
Average Daily Balance ($): 500; Annual Interest Rate (%): 24; Billing Cycle Days: 30
Monthly Interest Rate (%): 2 %; Finance Charge ($): 10 $
Finance Charge Calculator
Finance0.0(0)
Estimates the cost imposed on your credit balance over a billing cycle.
More tools:Finance Calculators
How To Use
How to use this calculator
Start with your values, or try a preset.
Step 1
Enter Average Daily Balance ($), Annual Interest Rate (%), and Billing Cycle Days in the units shown.
Step 2
Read Monthly Interest Rate (%) and Finance Charge ($) in the results panel. Results update as you change the inputs.
Step 3
Choose a preset to load an example, then adjust the values for your situation.
Worked Examples
Example calculations
See the inputs and their calculated results.
Medium Balance, Medium Rate
Average Daily Balance ($): 1,500; Annual Interest Rate (%): 18; Billing Cycle Days: 30
Monthly Interest Rate (%): 1.5 %; Finance Charge ($): 22.5 $
High Balance, Low Rate
Average Daily Balance ($): 3,000; Annual Interest Rate (%): 12; Billing Cycle Days: 30
Monthly Interest Rate (%): 1 %; Finance Charge ($): 30 $
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Important
Treat this output as a planning estimate and confirm rates, tax rules, and contract terms before making financial decisions.