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How much interest am I paying each day on my credit card balance?

Most credit card statements show the Daily Periodic Rate or the daily interest rate. Enter your balance and the credit card's yearly interest rate and this calculator will show you the daily periodic rate and the average amount of interest you are paying each day on the outstanding balance.

Field Help

Input Fields

TitleA title for these calculator results that will help you identify it if you have printed out several versions of the calculator.

Credit Card BalanceYour current outstanding balance on this credit card.

Interest RateThe current annual interest rate charged for the outstanding balance on this credit card. You may actually have different interest rates for different balance amounts. This could happen if part of your balance came from a cash advance (many credit cards charge a higher interest rate and no grace period for cash advances), or if you made some purchases during a lower percentage promotion period, or maybe you transferred the balance from another credit card for a special low interest rate promotion.

Output Fields

Daily Periodic Rate'Interest Rate' / 365 gives the daily interest rate (also referred as Daily Periodic Rate) you pay on the 'Credit Card Balance'.

See also:

Interesting facts

  • A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services. The issuer of the card creates a revolving account and grants a line of credit to the consumer (or the user) from which the user can borrow money for...
  • The term payment card covers a range of different cards that can be presented by a cardholder to make a payment.
    Typically a payment card is backed by an account holding funds belonging to the cardholder, or offering credit to the cardholder. Payment cards can be classified into types depending on how this account is managed. Different types of...

Additional information


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Advance Advance Optanium IOP-2P59-N - 2 Lamp - F96T8 - 120/277 Volt - Instant Start - 0.87 Ballast Factor
Home Improvement (Advance)
  • Brand: Advance
  • - Family: Optanium
  • - Part No.: IOP-2P59-N
  • - Voltage: 120/277
  • - Ballast Factor: 0.87