New Design Not working For You?

If the new page layout is not working for you, please Contact Me and let me know what device, operating system, and web browser (with version numbers) you are using so I can attempt to get the layout working for your setup.

About the Redesign

If you visited this site prior to September 15th, 2018, you've no doubt noticed that I've since launched a complete redesign of the website.

If you're not happy with the new design, I sincerely apologize. I would have preferred to keep the old desktop design, but considering the majority of my site's users are now accessing the site from small-screen, touch-enabled, mobile devices, and considering Google is now penalizing websites for not being mobile/thumb friendly, I was left with no choice but to switch to a responsive, mobile-first design.

The good news is that now that I have combined the three separate versions of the site (mobile, desktop, and ad-free member) into a single design, this will free up a ton of my time for working to make the mobile-optimized calculators more desktop/laptop friendly. In fact, some of the redesigned calculators already offer a desktop-optimized form that becomes visible when you increase the width setting of the calculator (within the "Calculator Preferences" expandable panel).

Thank you in advance for your help and patience as I work to improve the redesign.

-Dan

Calculator Preferences
Credit Card Finance Charge Calculator Sign

Credit Card Finance Charge Calculator

This calculator will calculate the current finance charges on a credit card balance that consists of multiple interest rates. This version calculates the minimum payment percentage for you based on the minimum payment amount from your credit card statement, and includes a month-by-month payment allocation comparison for the next five years. The $ecret tab includes:

  • Jaw-dropping payment allocation method
  • Credit Card Accountability, Responsibility and Disclosure Act
Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Min pmt:Minimum payment:Minimum payment amount:Minimum payment amount:

Minimum payment amount:

Enter the minimum payment amount from your most recent credit card statement. Enter as a dollar amount but without the dollar sign and any commas. The calculator will use this figure along with your statement balance to calculate your minimum payment percentage.

Annual fee:Annual fee:Annual fee:Annual fee:

Annual fee:

If your credit card has one, enter the annual fee. Enter as a dollar amount but without the dollar sign and any commas. The calculator will take 1/12th of the fee and add it to your current finance charge.

Penalty APR:Penalty APR:Penalty APR:Penalty APR:

Penalty APR:

Enter the penalty APR as stated on your credit card statement. Enter as a percentage, but without the percent sign. The calculator will use this entry to show you what will happen to your monthly finance charge if you are late making a payment.

Intro months:Introductory months:Number of introductory months:Number of months introductory rate in effect:

Number of months introductory rate in effect:

If you will be entering a balance transfer amount below, select the number of months the introductory rate will be in effect for.

Enter Balance BreakdownEnter Balance Breakdown:Enter Beginning Balances, New Charges, and Rates:Enter Beginning Balances, New Charges, and Rates:

Enter Beginning Balances, New Charges, and Rates:

Expand the description in each row to enter the beginning balance, current charges, and interest rates for each interest rate balance.

TransTransferTransferred balanceTransferred balance (0%):
Begin balance:
New charges:
APR:
End Balance:

Transferred balance:

Enter the beginning balance, current month transfers (if any) and the interest rate for this portion of the overall balance. Leave off all dollar signs, percent signs, and commas.

$0.00
PurchPurchasesPurchases balancePurchases balance (0%):
Begin balance:
New charges:
APR:
End Balance:

Purchases balance:

Enter the purchases beginning balance, current month purchases (if any) and the interest rate for purchases. Leave off all dollar signs, percent signs, and commas.

$0.00
CashCashCash advance balanceCash advance balance (0%):
Begin balance:
New charges:
APR:
End Balance:

Cash advance balance:

Enter the cash advance beginning balance, current month cash advances (if any) and the interest rate for cash advances. Leave off all dollar signs, percent signs, and commas.

$0.00
Total bal:Total balance:Total credit card balance:Total credit card balance:

Total credit card balance:

This is the total of all sub-balances and new charges on your credit card.

$0.00
Trans chg:Transfer charge:Transfer finance charges:Transfer finance charges:

Transfer finance charges:

This is the current finance charge for the low introductory rate portion of your balance.

Purch chg:Purchases charge:Purchases finance charges:Purchases finance charges:

Purchases finance charges:

This is the current finance charge for the purchases rate portion of your balance.

Cash chg:Cash charge:Cash advance finance charges:Cash advance finance charges:

Cash advance finance charges:

This is the current interest charges for the cash advance portion of your balance.

Annual fee:Annual fee:Annual fee:Annual fee:

Annual fee:

This is 1/12th of the annual fee you are paying to have the card.

Total chg:Total charges:Total finance charges and fees:Total finance charges and fees:

Total finance charges and fees:

This is the total current finance charges plus 1/12th of the annual fee.

If penalty:If penalty APR:If penalty APR is in effect:Interest charges if penalty APR is in effect:

Interest charges if penalty APR is in effect:

This is how much your finance charges would be if you had been late making one of your past monthly payments.

Payment Allocation Comparison
Tap the text for a description of each row result.
CompareNumber of Monthly PaymentsInterest Charges
Lowest first:Lowest first:Lowest rate first:Lowest rate balance first:

Lowest rate balance first:

This row shows the number of payments and interest cost that will result if you make only the minimum monthly payments and if your credit card company applies the principal portion of your payment to reducing the lowest rate balance on your card (unethical payment allocation).

Highest first:Highest first:Highest rate first:Highest rate balance first:

Highest rate balance first:

This row shows the number of payments and interest cost that will result if you make only the minimum monthly payments and if your credit card company applies the principal portion of your payment to reducing the highest rate balance on your card (ethical payment allocation). Note that if you only entered data for 1 sub-balance type, then this row will be blank.

Unethical cost:Unethical cost:Cost of unethical allocation:Cost of unethical payment allocation:

Cost of unethical payment allocation:

This row shows the additional payments and interest costs due to the unethical payment allocation by credit card companies. Note that if you only entered data for 1 sub-balance type, then this row will be blank.

If you would like to save the current entries to the secure database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated
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Tip

Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.

 

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