Credit Card Interest
Calculate CC interest, minimum payment & total cost
CC Details
Enter card info
₹1K₹10L
12%60%
Typical CC rates: 30-42% p.a. (2.5-3.5% monthly)
₹500₹1L
Min payment is usually 5% of balance
CC Cost
Total Interest Cost
₹14,562
If paying ₹5,000/month
Months to Pay
13
Total Payment
₹64,562
Min Payment (5%)
₹2,500
Monthly Interest
₹1,500
📊 Payment Plan
⚠️ Credit Card Warning
⚠️ CC interest is very high (36% p.a.)! Pay full balance to avoid heavy interest charges.
❓ FAQs
Credit Card interest ranges from 30-42% per annum (2.5-3.5% monthly). Highest among all loans! Only charged on unpaid balance after due date.
Minimum payment = 5% of outstanding balance or ₹500 (whichever higher). Paying only minimum keeps debt forever and accrues huge interest!
Pay full bill before due date! No interest if full payment made within grace period (20-50 days). Set auto-debit to never miss.
If can't pay full amount, EMI conversion is better than minimum payment. EMI interest (12-18%) is much lower than CC interest (36-42%).