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Finance Charge Calculator

Finance

Calculate the finance charge on a credit card or loan balance for a billing cycle.

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USD
$0.00$10,000,000.00
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1366

Finance Charge

$14.79

The interest charge added to your balance for this billing cycle.

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New Opening Balance

$1,014.79

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Odeh Ahwal

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Odeh Ahwal
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Frequently Asked Questions

How is a finance charge calculated?

Finance Charge = Carried Unpaid Balance x (APR / 365) x Number of Days in the Billing Cycle.

How can I avoid finance charges?

Most credit cards waive finance charges entirely if you pay your full statement balance by the due date each month -- the charge only applies to balances carried over.

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