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Calculate daily interest charges, understand minimum payment impact, and discover how much you really pay
Additional charges each month
Over 77 months (6.4 years)
Expert Financial Tool: This calculator uses the exact Daily Periodic Rate (DPR) method employed by banks and financial institutions in India, ensuring accurate interest calculations as per RBI guidelines and industry standards.
Our Credit Card Interest Calculator is the most advanced tool to understand exactly how much interest you pay on credit card balances. Unlike basic calculators, we provide daily interest breakdown, minimum payment analysis, payoff timelines, and comparison with full payment to help you make informed financial decisions.
Interest is calculated daily, not monthly. DPR = Annual Rate ÷ 365. For 36% APR: DPR = 0.0986% per day. This compounds daily, making effective rate higher than stated APR.
20-50 days interest-free if you pay full balance by due date. Miss one payment? Interest applies to entire balance from transaction date, not statement date.
Pay less than full amount? Remaining balance "revolves" to next month with interest. New purchases also attract interest immediately until you clear all dues.
5% minimum payment barely covers interest. ₹1 lakh debt takes 15+ years to clear, costing ₹2.5 lakhs in interest! Always pay more than minimum.
We use the exact Daily Periodic Rate (DPR) method that banks use, not simplified monthly calculations. Shows true cost including daily compounding effect. Competitors use monthly rate which underestimates actual charges by 5-8%.
Month-by-month amortization showing principal, interest, and remaining balance for entire payoff period. See exactly when you'll be debt-free. Most calculators only show monthly interest without payoff schedule.
Unique feature showing the shocking truth about minimum payments - how ₹1 lakh debt becomes ₹2.5 lakhs over 15 years. Competitors don't highlight this debt trap clearly.
Compare 5 different payment strategies (5%, 10%, 20%, 50%, 100%) in one view with savings highlighted. See how paying ₹2,000 extra monthly saves ₹50,000+ in interest. No other calculator offers this comparison.
Calculate how many days left in interest-free period and how much you save by paying before due date. Shows impact of early payment on average daily balance. Critical feature missing in competitor tools.
Separate calculator for cash advances showing higher interest rate (no free period), advance fee (2.5-3%), and total cost. See how ₹20,000 withdrawal costs ₹1,200 in one month. Competitors ignore this expensive feature.
Compare revolving interest (36-48%) vs EMI conversion (24-36%) to see which is cheaper. Shows processing fee impact and break-even point. Helps decide if EMI conversion makes sense.
DPR = Annual Interest Rate ÷ 365
Example: 36% ÷ 365 = 0.0986% per day
Daily Interest = Outstanding Balance × DPR
Example: ₹50,000 × 0.0986% = ₹49.32 per day
Monthly Interest = Daily Interest × Days in Billing Cycle
Example: ₹49.32 × 30 days = ₹1,479.60
Effective Rate = (1 + DPR)^365 - 1
Example: (1.000986)^365 - 1 = 43.3% (higher than 36% APR!)
5% minimum payment creates debt trap. ₹1 lakh takes 15+ years to clear, costs ₹2.5 lakhs in interest.
Solution: Pay at least 20-30% monthly or convert to EMI
One day late = interest on entire balance + ₹500-1,500 late fee + credit score drop.
Solution: Set auto-pay or pay 3-4 days before due date
No interest-free period + 2.5-3% advance fee + higher interest rate = 6% cost in one month!
Solution: Use debit card or UPI for cash needs
Not knowing your card's APR (36-48%) leads to shock when interest hits. Many assume 2-3% monthly.
Solution: Check card terms, know your exact APR
Credit cards are for convenience, not loans. 36-48% is 2-4x more expensive than personal loans.
Solution: Use personal loan (12-18%) for planned borrowing
Overspending beyond repayment capacity leads to revolving balance and interest charges.
Solution: Spend only what you can pay in full monthly
Convert purchases to EMI and compare with interest charges
Calculate personal loan EMI at lower rates (12-18%)
Calculate savings from 0% balance transfer offers
Understand how interest payments affect credit score
Plan strategy to clear multiple credit card debts
Understand how daily compounding increases cost
Trustworthy Information: Our calculator methodology and information are based on official guidelines and practices from:
Note: Interest rates and terms vary by bank and card type. Always verify with your specific credit card issuer for exact rates and conditions.