Finance Tools
Credit Card APR Savings Calculator
Estimate how much interest you could save by reducing your credit card APR, based on balance, payments, and payoff timeline.
Results (Fixed Monthly Payment)
Enter values and click Calculate.
How to use this credit card apr savings calculator
- Enter your current balance.
- Enter your current APR and your new APR.
- Choose your payment method: fixed monthly payment or payoff in N months.
- Click Calculate to see interest cost under both APRs and your estimated savings.
Example
If you have a $5,000 balance, pay $200/month, current APR is 24% and new APR is 18%:
- This calculator estimates total interest under each APR.
- You’ll see the estimated savings from the lower APR.
More tools in Finance Tools
- Credit Card Payoff Calculator
Estimate how long it will take to pay off a credit card based on balance, APR, and monthly payment.
- Balance Transfer Calculator
Compare the cost of staying with your current credit card versus moving your balance to a new card with an introductory APR and transfer fee.
- Credit Card Cash Withdrawal Interest Calculator
Estimate interest charges on a credit card cash withdrawal based on APR and the number of days you carry the balance.
- Debt Snowball Calculator
Use the debt snowball method to see how quickly you can pay off multiple debts using a fixed monthly budget.