The free online credit card calculators in this section will help you to calculate payments, payoffs, interest, transfers, balances and more.
My goal for this section of the website is to help you to escape from credit card debt and to convince you to stop carrying balances on your cards.
It never ceases to amaze me how people think it's okay to be charged 18% interest by the same lending institutions that only pay 1% interest for the money they borrow from us.
Or, how the same companies that cause us to become credit unworthy, use credit unworthiness as an excuse to charge us higher interest rates -- making it nearly impossible to become credit worthy and gain access to the lower rates.
Or, how the CEOs of the these card companies can sleep at night while financially raping so many people -- many of whom are just college kids. If none of that bothers you, then you may want to use the credit card calculators located on the websites owned by the card companies instead of using those included in this section.
If you had to have a hole drilled in your tooth before you were permitted to eat a food item containing processed sugar, would you choose to eat the food item?
If you had to experience an 8-hour, mind-numbing, dry-heaving hangover before you were permitted to go out for a night of drinking, would you still choose to go out for the night of drinking?
If you had to experience a high-speed, head-on collision with a semi before you were allowed to create text messages while driving, would you still choose to send text messages?
My point is, the reason we humans make so many poor decisions is because in most cases the decisions we make are painless at the moment we make them. It isn't until later that the consequential pain makes itself all too real.
This explains why card companies have been so successful at sucking the potential wealth out of the hands of people who actually have to work for a living. It's because no immediate pain is felt when you swipe that plastic through the wealth-sucking credit card machine.
If I could somehow make the pain of buying on credit strike you the moment you even think about making that mistake, you would not believe how financially happy you would be today.
Unfortunately, since I don't have a magic pain wand, all I can do is to give you the best credit card calculators I can come up with to help you to foresee and hopefully avoid the pain of buying on credit. Making that pain feel as real as it actually will be is up to you.
The most destructive belief that comes from having easy access to credit, is that you feel like you can afford to have it all. As a result you probably won't spend very much time researching your spending decisions, which in turn causes you to experience fewer benefits with greater sacrifices.
If you want to experience the opposite, then you need to force yourself to pay cash for everything. When you do that, one very important thing happens. You quickly realize that you can't have it all, which causes you to carefully consider which purchases will bring the greatest benefit for the least amount of sacrifice.
Below is the current list of credit card calculators you can use to make the pain of buying on credit real, and to reduce the pain caused from buying on credit in the past.
Credit Card Balance Calculator
This free online interactive worksheet will attempt to forecast if and when you will max out your card based on your current charging habits and on making only the declining minimum monthly payment. Includes step-by-step process for "How to Trap a Human Being."
Credit Card Balance Transfer Calculator
This free online interactive tool will calculate the net consequences of transferring higher rate card balances to a card offering a lower introductory rate. Also includes the important factors that need to be considered before going ahead with the transfer.
Compare Credit Card Balance Transfer Calculator
This free online interactive worksheet will calculate the comparison between two or three different balance transfer offers. Unlike other online comparison calculators that only show the first year comparison, this tool will calculate the comparison between now and when the balance is paid off.
Credit Card Monthly Payment Calculator
This free online interactive tool will calculate how much your monthly payment will need to be in order to achieve your credit card payoff goal, plus show you how much time and interest you will save in the process.
Credit Card Minimum Payment Calculator
This free online interactive tool will calculate the monthly minimum payment and interest charges based on the percentage method used by your card company -- to insure they can continue to set new, all-time-high records for bonus checks paid to a executives.
Credit Card Payoff Calculator
This calculator will calculate how many months it will take to pay off a single credit card given the payment amount you can afford -- with or without future charges and annual fees. Or, the calculator can also tell you how much your payment will need to be to pay off the balance within a certain number of months. Also includes the total interest you will pay, and a printer friendly payoff chart.
Calculate Credit Card Payoff Comparison
This free online interactive tool will calculate the time and interest savings that you will realize if you switch from making the declining minimum monthly payments, to making fixed monthly payments.
Credit Card Consolidation Calculator
This free online interactive worksheet will calculate the payment, interest charge, and term savings that will occur if you consolidate all of your cards into one loan.
Average Credit Card Interest Rate Calculator
This free online interactive worksheet will calculate the credit card average APR for all of your cards that have balances on them, using a weighted average formula. Discover why knowing the weighted average is important."
Credit Card Interest Rate Comparison Calculator
This free online interactive worksheet will compare the opportunity costs (foregone interest earnings) of one rate against rates that are 1% to 4% lower.
Credit Card Finance Charge Calculator
This free online interactive worksheet will calculate the current finance charges on a credit card balance that consists of multiple interest rates. Plus, you will also discover a jaw-dropping method card companies use to secretly suck the greatest possible amount of money from your otherwise potential future wealth.
Credit Card Interest Calculator
This free to use online calculator is an alternate version of the finance charge calculator as suggested by an insightful visitor. This version calculates the minimum payment amount for you based on the minimum payment percentage and minimum dollar amount, and includes a month-by-month payment allocation comparison for as long as it takes to pay off both allocation methods (instead of for just the first five years).
The following is a list of credit card calculators that I plan to add to this section as I have time. I'm basically adding credit card interest, payment, payoff, balance, transfer and comparison calculators to free-online-calculator-use.com in the order from highest demand to lowest demand, so if you see a calculator in the following list you want me to put on the high priority list, please let me know.
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