APR Credit Card Calculator
APR credit card calculator works out Months to clear the balance and Time to clear from Current balance, APR and Payment approach. The default figures on this page give time to clear of 2 years 2 months; change any entry and the result, the working and the sources update together.
Your figures
Updates as you typeHow this is worked out
4 steps
- Monthly periodic rate = 22.8% / 12 = 1.9%
- First month's interest = 5000 x 1.9% = 95
- Paying 250 a month.
- The balance clears after 26 months, having paid 1350.07 in interest.
Month-by-month scheduletable
| month | payment | interest | balance |
|---|---|---|---|
| 1 | 250 | 95 | 4,845 |
| 2 | 250 | 92.06 | 4,687.06 |
| 3 | 250 | 89.05 | 4,526.11 |
| 4 | 250 | 86 | 4,362.11 |
| 5 | 250 | 82.88 | 4,194.99 |
| 6 | 250 | 79.7 | 4,024.69 |
| 7 | 250 | 76.47 | 3,851.16 |
| 8 | 250 | 73.17 | 3,674.33 |
| 9 | 250 | 69.81 | 3,494.14 |
| 10 | 250 | 66.39 | 3,310.53 |
| 11 | 250 | 62.9 | 3,123.43 |
| 12 | 250 | 59.35 | 2,932.78 |
| 13 | 250 | 55.72 | 2,738.5 |
| 14 | 250 | 52.03 | 2,540.53 |
| 15 | 250 | 48.27 | 2,338.8 |
| 16 | 250 | 44.44 | 2,133.24 |
| 17 | 250 | 40.53 | 1,923.77 |
| 18 | 250 | 36.55 | 1,710.32 |
| 19 | 250 | 32.5 | 1,492.82 |
| 20 | 250 | 28.36 | 1,271.18 |
| 21 | 250 | 24.15 | 1,045.33 |
| 22 | 250 | 19.86 | 815.19 |
| 23 | 250 | 15.49 | 580.68 |
| 24 | 250 | 11.03 | 341.71 |
| 25 | 250 | 6.49 | 98.2 |
| 26 | 100.07 | 1.87 | 0 |
Its 4 worked examples are re-run on every release, last on 15 September 2026. What changed
Sources and references
2 sources
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Save it, change one figure, then compare the two
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What the apr credit card calculator calculates
Works out how long a credit card balance takes to clear and the total interest paid, under either the minimum payment rule or a fixed monthly payment.
How to use this apr credit card calculator
Enter Current balance, APR, Payment approach and Monthly payment. Months to clear the balance updates as you type, and “Use a worked example” loads checked figures you can adjust. Change one figure at a time to see what drives the result.
How the result is worked out
Open “How this is worked out” beside the result for the step-by-step calculation behind Months to clear the balance, Time to clear and Total interest paid.
The method follows Consumer Financial Protection Bureau, credit card minimum payment disclosures (12 CFR 1026.7(b)(12)) and Standard daily periodic rate practice: APR / 12 applied to the statement balance each cycle.
5,000 at 22.8% paying 250 a month example
With Current balance: 5000, APR: 22.8, Payment approach: fixed, Monthly payment: 250, the calculator returns Interest in the first month: 95. This example is checked against an independent source in the test suite.
What you can compare
Change one input at a time to see how it affects Months to clear the balance, Time to clear and Total interest paid. The inputs you can vary are Current balance, APR, Payment approach, Monthly payment, Minimum payment percentage and Minimum payment floor.
Results are general information, not financial, tax, legal, medical or engineering advice. Check any decision that matters with a qualified professional.
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Frequently asked questions
How much is 26.99 APR on $3000?
On the figures this page opens with — current balance 5,000, APR 22.8% and monthly payment 250 — the time to clear is 2 years 2 months. No single number fits everyone: change any figure above and the answer updates as you type, with each step of the arithmetic beside it.
How do you calculate APR on a credit card?
Works out how long a credit card balance takes to clear and the total interest paid, under either the minimum payment rule or a fixed monthly payment. Open “How this is worked out” beside the result to see each step for your own figures.
Is 35% APR on a credit card high?
Works out how long a credit card balance takes to clear and the total interest paid, under either the minimum payment rule or a fixed monthly payment. On the figures this page opens with — current balance 5,000, APR 22.8% and monthly payment 250 — the time to clear is 2 years 2 months. Put your own figures in their place and the working updates beside the result.
How much interest will I pay on a $10,000 credit card?
It needs Current balance, APR, Payment approach, Monthly payment, Minimum payment percentage and Minimum payment floor. Nothing else is required, and the figures stay in your browser.
What information do I need for the apr credit card calculator?
You need Current balance, APR, Payment approach, Monthly payment, Minimum payment percentage, Minimum payment floor, Clear the balance within and New charges added each month. The page opens with default figures that give time to clear of 2 years 2 months, so you can see the scale before entering your own.
What does this apr credit card calculator show?
It shows Months to clear the balance, Time to clear, Total interest paid, Total paid, Payment required, Interest in the first month, First minimum payment and Interest per unit borrowed, with the working and any warnings for your entries.