Credit Card Payment Calculator
How it works:
- Based on
Credit card outstandingamount, the calculator assumes you start paying by the next statement period.
- The outstanding balance will be recalculated for each period with outstanding balance until paid off.
- The interest rate will be converted to monthly to get the compounding fee for each month with outstanding balance.
- For every period, the interest charged are imposed on the total outstanding balance of the month.
Interestinput is empty, default value will be used.