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.
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