What does your balance actually cost?

APR percentages are abstract. Dollars per month are not. See the real carrying cost of a balance at your rate.

How credit card interest actually works

Cards charge interest daily: your APR divided by 365, applied to each day's balance. Carry $3,000 at 27% APR and you're paying roughly $67 every month for the privilege — $810 a year that buys nothing. Interest only stops when a statement is paid in full by the due date.

The grace period most people lose

Pay in full and most cards charge zero interest on purchases — that's the grace period. Carry even a small balance and new purchases usually start accruing interest immediately. It's all-or-nothing: full payoff is disproportionately valuable.

Disclaimer: these calculators are informational estimates only and are not financial, legal, tax, or credit-repair advice. Results are not guarantees of any credit or financial outcome. LotusBloom LLC is not responsible for decisions made based on these tools — consult a licensed professional. Nothing you enter here is transmitted or stored.